Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Estonia
Quarterly, Not Seasonally Adjusted
LRAC24TTEEQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
-3.00%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Quarterly, Not Seasonally Adjusted' series measures the compensation of employees per hour worked in the U.S. This key economic indicator provides insights into labor market dynamics and worker productivity.
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 data series represents the average hourly compensation, including wages and benefits, for all employees in the United States. It is a valuable metric for analyzing workforce costs, wage growth, and overall economic health.
Methodology
The data is collected through surveys and reported quarterly by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to inform decisions around monetary policy, labor market regulation, and macroeconomic management.
Key Facts
- Quarterly data, not seasonally adjusted.
- Covers all employees, including private and public sectors.
- Measures total compensation per hour worked.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly compensation, including wages and benefits, for all employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into labor market dynamics, worker productivity, and inflationary pressures, which are crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported quarterly by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to inform decisions around monetary policy, labor market regulation, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of several weeks from the end of the reporting period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC24TTEEQ156N), retrieved from FRED.