Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Israel
Quarterly, Not Seasonally Adjusted
LRAC24MAILQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.43
Year-over-Year Change
-0.93%
Date Range
1/1/1995 - 4/1/2025
Summary
This economic trend measures the average hourly labor costs in the manufacturing industry in the United States. It is an important indicator for economists and policymakers to assess labor market conditions 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 labor cost series tracks the changes in average hourly compensation for manufacturing workers. It is used to analyze productivity, wage growth, and the overall health of the U.S. labor market.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and interest rates.
Key Facts
- Manufacturing labor costs make up a significant portion of total business costs.
- Trends in this data can indicate changes in labor market tightness and inflationary pressures.
- The manufacturing sector is an important driver of the overall U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly labor costs in the U.S. manufacturing industry, including wages, benefits, and other compensation.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor market conditions, productivity, and inflationary pressures that are closely watched by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor this trend to inform decisions on monetary policy and interest rates, as changes in manufacturing labor costs can impact overall inflation.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several weeks, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC24MAILQ156N), retrieved from FRED.