Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 64 Years for Austria
Quarterly, Not Seasonally Adjusted
LRAC64MAATQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.70
Year-over-Year Change
0.00%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the unit labor costs for the non-farm business sector on a quarterly, not seasonally adjusted basis. It is a key indicator of productivity and inflationary pressures 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 average cost of labor per unit of output and are calculated as the ratio of total labor compensation to real output. This metric is closely watched by economists and policymakers to assess the state of the economy and potential inflation risks.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and other economic data.
Historical Context
Quarterly unit labor cost trends help inform Federal Reserve monetary policy decisions and are analyzed by private sector economists and financial markets.
Key Facts
- Unit labor costs rose 3.2% in Q4 2022 compared to the prior quarter.
- Unit labor costs are a key driver of consumer price inflation.
- Rapid growth in unit labor costs can prompt the Federal Reserve to raise interest rates.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average cost of labor per unit of output in the non-farm business sector on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a closely watched indicator of productivity and inflationary pressures, helping inform monetary policy and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and other economic data.
Q: How is this trend used in economic policy?
A: Quarterly unit labor cost trends help guide Federal Reserve monetary policy decisions and are analyzed by private sector economists and financial markets.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical 2-3 month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC64MAATQ156N), retrieved from FRED.