Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Luxembourg
Quarterly, Not Seasonally Adjusted
LRAC24MALUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.80
Year-over-Year Change
19.33%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic trend measures the average hourly earnings of production and nonsupervisory employees in the manufacturing sector on a quarterly, not seasonally adjusted basis. It provides insights into wage dynamics and labor market conditions.
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 trend represents manufacturing sector wages, which are a key indicator of economic health and labor market strength. Policymakers and analysts use this data to understand inflationary pressures and make informed decisions.
Methodology
The data is collected through surveys of employers and calculated as the average hourly earnings for production and nonsupervisory employees in the manufacturing industry.
Historical Context
This trend is frequently used by economists, policymakers, and market participants to assess the state of the labor market and guide economic policy decisions.
Key Facts
- Measures average hourly earnings in the manufacturing sector.
- Provides insights into wage dynamics and labor market strength.
- Used by policymakers and analysts to assess economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the manufacturing sector on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding wage dynamics, labor market conditions, and economic health, which are key inputs for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated as the average hourly earnings for production and nonsupervisory employees in the manufacturing industry.
Q: How is this trend used in economic policy?
A: This trend is frequently used by economists, policymakers, and market participants to assess the state of the labor market and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with some potential for delays in availability.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC24MALUQ156N), retrieved from FRED.