Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Sweden
Annual, Seasonally Adjusted
LRAC25TTSEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.05
Year-over-Year Change
1.91%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the annual rate of change in unit labor costs for the nonfarm business sector. This metric is a key indicator of 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
Unit labor costs represent the cost of labor per unit of output, calculated as the ratio of total compensation to real output. This series is seasonally adjusted to account for recurring fluctuations and provides a comprehensive picture of underlying labor market conditions.
Methodology
The data is calculated from the Bureau of Labor Statistics' Productivity and Costs survey.
Historical Context
Policymakers and economists closely monitor unit labor costs to assess the trajectory of inflation and make informed decisions.
Key Facts
- Unit labor costs rose 3.6% in 2022.
- This metric is a leading indicator of consumer price inflation.
- Declining unit labor costs can signal productivity gains.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the annual rate of change in unit labor costs for the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and productivity trends in the U.S. economy, making this metric highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated from the Bureau of Labor Statistics' Productivity and Costs survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor unit labor costs to assess the trajectory of inflation and make informed decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC25TTSEA156S), retrieved from FRED.