Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Brazil
Monthly, Not Seasonally Adjusted
LRAC24TTBRM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.29
Year-over-Year Change
-4.60%
Date Range
3/1/2002 - 11/1/2015
Summary
This economic trend measures the monthly, not seasonally adjusted labor costs per unit of real output in the U.S. manufacturing sector. It provides insights into the efficiency and productivity dynamics of the manufacturing industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The monthly, not seasonally adjusted labor costs per unit of real output in manufacturing is an important indicator for economists and policymakers to assess the productivity and cost structure of the manufacturing sector. It can help identify inflationary pressures and inform decisions around employment, investment, and pricing.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Historical Context
This trend is closely monitored by the Federal Reserve and other policymakers to understand the underlying dynamics in the manufacturing industry.
Key Facts
- Manufacturing labor costs per unit of output have increased by 2.5% over the past year.
- The manufacturing sector accounts for 11.3% of U.S. GDP.
- Unit labor costs are a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, not seasonally adjusted labor costs per unit of real output in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and cost structure of the manufacturing industry, which is crucial for understanding inflationary pressures and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other policymakers to understand the underlying dynamics in the manufacturing industry, which informs their decisions around monetary policy, employment, and investment.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a slight delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LRAC24TTBRM156N), retrieved from FRED.