Activity Rate: Aged 55-64: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LRAC55TTEUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.60
Year-over-Year Change
6.71%
Date Range
4/1/2000 - 10/1/2019
Summary
The Quarterly, Not Seasonally Adjusted series measures the labor cost per unit of real output in the U.S. nonfarm business sector. It provides insights into 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 tracks changes in the cost of labor required to produce one unit of real output in the nonfarm business sector. It is a key productivity indicator used by economists and policymakers to analyze trends in economic efficiency and inflationary risks.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and real output.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor this metric to help guide monetary policy decisions.
Key Facts
- Measures labor cost per unit of real output in the U.S. nonfarm business sector.
- Provides insights into productivity trends and inflationary pressures.
- Used by policymakers to help guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This series measures the labor cost per unit of real output in the U.S. nonfarm business sector, providing insights into productivity and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key productivity indicator used by economists and policymakers to analyze trends in economic efficiency and inflationary risks.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and real output.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor this metric to help guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Labor Statistics, with a typical release delay of several weeks.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC55TTEUQ156N), retrieved from FRED.