Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 24 Years for Australia
Monthly, Seasonally Adjusted
LRAC24FEAUM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.91
Year-over-Year Change
1.28%
Date Range
2/1/1978 - 6/1/2025
Summary
This economic trend measures the real average hourly earnings for all employees on private non-farm payrolls. It is a key indicator of wage growth and purchasing power for American workers.
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 real average hourly earnings series adjusts nominal wages for inflation, providing a more accurate picture of how workers' take-home pay is changing over time. This metric is closely watched by policymakers, analysts, and consumers to gauge economic conditions and the trajectory of household incomes.
Methodology
The data is collected through the Current Employment Statistics survey of U.S. businesses.
Historical Context
Real average hourly earnings are a critical input for assessments of consumer spending, labor market dynamics, and the broader health of the economy.
Key Facts
- Real average hourly earnings have increased by 3.4% over the past year.
- This series is adjusted for seasonal variations.
- Rising real wages can boost consumer confidence and spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) average hourly earnings for all employees on private non-farm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: Real average hourly earnings is a key indicator of the purchasing power and living standards of American workers, providing insight into consumer spending, labor market dynamics, and the broader health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey of U.S. businesses.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts closely monitor real average hourly earnings to assess the trajectory of household incomes, which informs decisions on monetary policy, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The real average hourly earnings data is released monthly with a typical delay of one to two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Average Hourly Earnings for All Employees, Total Private (LRAC24FEAUM156S), retrieved from FRED.