Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Switzerland
Annual, Not Seasonally Adjusted
LRAC25TTCHA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.75
Year-over-Year Change
1.45%
Date Range
1/1/2005 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the total compensation per hour for the private business sector in the United States. It is a key indicator of labor costs and 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 metric tracks the average hourly wages, benefits, and other forms of compensation paid to private sector workers. It is used by economists and policymakers to assess overall labor market conditions and inflationary pressures.
Methodology
The data is collected through Bureau of Labor Statistics surveys of private businesses.
Historical Context
Trends in this metric inform Federal Reserve monetary policy decisions.
Key Facts
- Compensation per hour hit a record high of $38.10 in Q4 2022.
- Wages have risen 5.1% over the past year as of Q4 2022.
- The metric is released quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total hourly compensation, including wages and benefits, for private sector workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and inflationary pressures, providing insights into the strength of the economy and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in private sector compensation per hour are closely monitored by the Federal Reserve to help inform their decisions on interest rates and monetary policy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC25TTCHA156N), retrieved from FRED.