Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Australia
Quarterly, Seasonally Adjusted
LRAC25TTAUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.94
Year-over-Year Change
1.88%
Date Range
4/1/1978 - 1/1/2025
Summary
This economic indicator measures the hourly labor costs for unit labor in the nonfarm business sector on a quarterly, seasonally adjusted basis. It provides insights into inflationary pressures and productivity trends 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
The Quarterly, Seasonally Adjusted labor productivity and costs measure tracks changes in labor productivity and the costs of labor input required to produce output in the nonfarm business sector. It is a key economic indicator used by policymakers and analysts to gauge inflationary pressures and efficiency in the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and other economic sources.
Historical Context
This indicator informs monetary and fiscal policy decisions by the Federal Reserve and other government entities.
Key Facts
- Quarterly measurement frequency
- Seasonally adjusted data
- Nonfarm business sector focus
FAQs
Q: What does this economic trend measure?
A: This indicator measures changes in labor productivity and the unit labor costs in the nonfarm business sector on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into inflationary pressures and efficiency in the broader U.S. economy, informing key policy decisions by the Federal Reserve and other government entities.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and other economic sources.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and analysts to gauge labor productivity and inflationary pressures, informing monetary and fiscal policy decisions by the Federal Reserve and other government entities.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a short update delay, providing timely insights into the nonfarm business sector.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC25TTAUQ156S), retrieved from FRED.