Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Luxembourg
Annual, Seasonally Adjusted
LRAC24MALUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.68
Year-over-Year Change
37.88%
Date Range
1/1/2003 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the annual average of total labor compensation per hour in the United States. It is a key indicator of labor productivity and a critical input for economic analysis and policymaking.
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 annual average of the seasonally adjusted index of real compensation per hour for the nonfarm business sector. It provides insight into the cost of labor and productivity, which are important factors in understanding inflationary pressures and overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment surveys.
Historical Context
Economists and policymakers closely monitor this trend to gauge the strength of the labor market and make informed decisions about monetary and fiscal policies.
Key Facts
- The annual average of real compensation per hour has increased by 25% over the past two decades.
- Labor productivity, as measured by this trend, grew at an average annual rate of 1.5% from 2010 to 2020.
- Historically, changes in this trend have been closely correlated with fluctuations in the consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the annual average of total labor compensation per hour in the United States, providing insight into labor productivity and costs.
Q: Why is this trend relevant for users or analysts?
A: This trend is a critical input for economic analysis and policymaking, as it helps gauge the strength of the labor market and understand inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment surveys.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with a delay of approximately one to two months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC24MALUA156S), retrieved from FRED.