Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Portugal
Quarterly, Not Seasonally Adjusted
LRAC24TTPTQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.50
Year-over-Year Change
18.56%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the unit labor costs for the non-farm business sector on a quarterly basis without seasonal adjustments. It is a key indicator of inflationary pressures and productivity in the U.S. economy.
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
Unit labor costs represent the cost of labor per unit of output and are calculated by dividing total labor compensation by real output. This metric provides insight into the underlying drivers of inflation and the overall health of the labor market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor unit labor cost trends to inform decisions around monetary and fiscal policy.
Key Facts
- Unit labor costs rose 2.4% in Q4 2022.
- Unit labor costs are a leading indicator of inflation.
- Rapid growth in unit labor costs can prompt central bank action.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor costs for the non-farm business sector on a quarterly basis without seasonal adjustments. Unit labor costs represent the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and labor productivity in the U.S. economy, providing important insights for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor unit labor cost trends to inform decisions around monetary and fiscal policy, as rapid growth in unit labor costs can prompt central bank action to combat inflation.
Q: Are there update delays or limitations?
A: The unit labor cost data is released quarterly by the Bureau of Labor Statistics, with a typical update delay of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC24TTPTQ156N), retrieved from FRED.