Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 24 Years for Australia
Quarterly, Seasonally Adjusted
LRAC24FEAUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.75
Year-over-Year Change
-2.32%
Date Range
4/1/1978 - 4/1/2025
Summary
The 'Quarterly, Seasonally Adjusted' series measures the real average hourly earnings of all employees on private nonfarm payrolls in the United States. This metric is a key indicator of worker purchasing power and productivity trends.
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
This series represents the average hourly wage for private sector workers, adjusted for inflation and seasonal variations. It is a widely tracked economic indicator used to analyze labor market conditions, consumer spending, and broader macroeconomic trends.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey of business establishments.
Historical Context
Policymakers and economists closely monitor real hourly earnings to gauge the strength of the labor market and consumer demand.
Key Facts
- Real average hourly earnings rose 4.7% in 2022.
- The series dates back to 1964.
- Earnings are adjusted for inflation using the CPI-U.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) average hourly earnings of all employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: Real hourly earnings is a key indicator of worker purchasing power and productivity trends, providing insights into the health of the labor market and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey of business establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor real hourly earnings to gauge the strength of the labor market and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC24FEAUQ156S), retrieved from FRED.