Activity Rate: Aged 25-54: All Persons for the European Union
Annual, Not Seasonally Adjusted
LRAC25TTEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.10
Year-over-Year Change
2.23%
Date Range
1/1/2005 - 1/1/2019
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the average hourly labor cost per employee in the United States. This metric is a key indicator of productivity and inflationary pressures in the 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
This series represents the average hourly compensation paid to workers, including wages and benefits, across the entire U.S. private non-farm business sector. Economists closely monitor this data to assess labor market dynamics and their impact on broader economic conditions.
Methodology
The data is collected through surveys of private businesses and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers use this metric to inform decisions on interest rates, inflation targeting, and other macroeconomic policies.
Key Facts
- The average hourly labor cost in the U.S. was $35.24 in 2022.
- Labor costs account for over 60% of total business expenses in the private sector.
- Rising labor costs can contribute to inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the average hourly labor cost per employee in the United States private non-farm business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of productivity and inflationary pressures in the economy, making it crucial for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform decisions on interest rates, inflation targeting, and other macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC25TTEUA156S), retrieved from FRED.