Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 24 Years for Australia
Quarterly, Not Seasonally Adjusted
LRAC24FEAUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.85
Year-over-Year Change
-2.37%
Date Range
4/1/1978 - 4/1/2025
Summary
The Quarterly, Not Seasonally Adjusted trend measures the labor compensation per hour for the U.S. manufacturing sector. This key economic indicator provides insights into productivity, wage growth, and inflationary pressures.
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 Quarterly, Not Seasonally Adjusted series tracks the average hourly compensation, including wages and benefits, for manufacturing workers in the United States. It is a widely followed metric used by economists and policymakers to assess the state of the labor market and broader economic conditions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Trends in labor compensation are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Quarterly, Not Seasonally Adjusted data is released approximately 2 months after the end of each quarter.
- The series dates back to 1947, providing a long-term historical perspective.
- Manufacturing labor costs account for a significant portion of total business expenses.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted trend measures the average hourly compensation, including wages and benefits, for manufacturing workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as it provides insights into productivity, wage growth, and inflationary pressures in the manufacturing sector, which is a crucial part of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Trends in labor compensation are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly, Not Seasonally Adjusted data is released approximately 2 months after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC24FEAUQ156N), retrieved from FRED.