Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 64 Years for Sweden
Quarterly, Not Seasonally Adjusted
LRAC64FESEQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.50
Year-over-Year Change
2.26%
Date Range
4/1/1998 - 1/1/2025
Summary
The 'Quarterly, Not Seasonally Adjusted' trend measures labor costs per unit of real output in the U.S. manufacturing sector. This metric is a key indicator of productivity and 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
This series represents the ratio of labor compensation to real output in the U.S. manufacturing industry. Economists analyze this data to assess labor productivity, which is a critical factor in economic growth and inflation dynamics.
Methodology
The Bureau of Labor Statistics calculates this index based on surveys of manufacturing establishments.
Historical Context
Policymakers and analysts use this metric to gauge the health of the manufacturing sector and its broader macroeconomic implications.
Key Facts
- Manufacturing unit labor costs rose 2.3% in 2022.
- Productivity growth slowed to 1.7% in 2022.
- Unit labor costs are a key input for the Federal Reserve's inflation models.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the ratio of labor compensation to real output in the U.S. manufacturing sector, providing insight into labor productivity and cost pressures.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing unit labor costs are a critical input for assessing economic growth, inflation dynamics, and the overall health of the industrial sector.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics compiles this index based on surveys of manufacturing establishments across the United States.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor unit labor costs to gauge inflationary pressures and the underlying productivity trends in the manufacturing industry.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag, reflecting the time required to collect and process the underlying survey information.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC64FESEQ156N), retrieved from FRED.