Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Sweden
Quarterly, Not Seasonally Adjusted
LRAC55TTSEQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.80
Year-over-Year Change
2.32%
Date Range
4/1/1998 - 1/1/2025
Summary
This trend measures the average hourly labor costs for all employees in the private nonfarm business sector, excluding the cost of benefits. It provides insights into inflationary pressures and the overall health of the U.S. labor market.
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, Not Seasonally Adjusted labor productivity and costs series tracks changes in the productivity and costs of labor input for the U.S. private nonfarm business sector. It is a key economic indicator used by policymakers and analysts to assess inflationary risks and the efficiency of the economy.
Methodology
The data is collected through surveys of businesses and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other policymakers as an input for decisions on monetary policy and economic management.
Key Facts
- Private nonfarm business sector excludes government, nonprofit, and household employees.
- Hourly labor costs include wages, salaries, and benefits.
- The index is calculated with 2012 as the base year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly labor costs for all employees in the private nonfarm business sector, excluding the cost of benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into inflationary pressures and the overall health of the U.S. labor market, making it a key indicator used by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other policymakers as an input for decisions on monetary policy and economic management.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and the not seasonally adjusted series may be subject to greater variability.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC55TTSEQ156N), retrieved from FRED.