Activity Rate: Aged 15-64: Females for the European Union
Annual, Not Seasonally Adjusted
LRAC64FEEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.63
Year-over-Year Change
8.76%
Date Range
1/1/2005 - 1/1/2019
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the unit labor costs for the U.S. manufacturing sector. This metric is closely watched by economists and policymakers as an indicator of potential inflationary pressures.
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 average cost of labor per unit of output, calculated as the ratio of total labor compensation to real output. This trend provides insights into the productivity and competitiveness of the U.S. manufacturing industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the overall health and efficiency of the manufacturing sector.
Key Facts
- Unit labor costs in U.S. manufacturing rose 2.4% in 2021.
- Manufacturing accounts for about 11% of U.S. GDP.
- Rising unit labor costs can signal potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the unit labor costs for the U.S. manufacturing sector, which represent the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of potential inflationary pressures and the overall health and competitiveness of the U.S. manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the productivity and efficiency of the manufacturing sector, which is a key driver of the overall U.S. economy.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not fully capture short-term fluctuations in manufacturing labor costs.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64FEEUA156S), retrieved from FRED.