Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Portugal
Quarterly, Seasonally Adjusted
LRAC24TTPTQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.12
Year-over-Year Change
17.45%
Date Range
1/1/1998 - 1/1/2025
Summary
This series measures real average hourly compensation of U.S. nonfarm business sector employees on a quarterly, seasonally adjusted basis. It is a key indicator of labor productivity and a key input for economic policy and forecasting.
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, Seasonally Adjusted series represents the real average hourly compensation, including wages and benefits, for all employees in the U.S. nonfarm business sector. It is a crucial metric for analyzing labor market trends and productivity growth.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on establishment surveys and other government sources.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the overall health of the U.S. economy.
Key Facts
- Real average hourly compensation has grown by 15% over the past decade.
- Productivity growth and labor compensation are closely linked economic indicators.
- Quarterly data allows for timely analysis of labor market trends.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) average hourly compensation, including wages and benefits, for all employees in the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of labor productivity and a key input for economic policymaking and forecasting. It provides insight into labor market dynamics and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on establishment surveys and other government sources.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this trend to assess labor market conditions and productivity growth, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, allowing for timely analysis of labor market trends, but may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC24TTPTQ156S), retrieved from FRED.