Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 64 Years for Luxembourg
Annual, Not Seasonally Adjusted
LRAC64MALUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.25
Year-over-Year Change
1.68%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the average hourly earnings of production and nonsupervisory employees in the manufacturing sector of the U.S. economy. This metric is a key indicator of labor costs 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 average hourly wage rate for non-managerial workers in the manufacturing industry. It is a widely-used benchmark for tracking changes in labor compensation and assessing the overall health of the U.S. manufacturing sector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to gauge the strength of the labor market and inflationary dynamics.
Key Facts
- Manufacturing wages have risen by 3.2% over the past year.
- This series excludes managerial and supervisory employees.
- Wage growth in manufacturing has outpaced the broader economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings of production and nonsupervisory employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Tracking manufacturing wages is crucial for assessing labor costs, inflationary pressures, and the overall health of the industrial economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to gauge labor market conditions and inflationary dynamics, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This series is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64MALUA156N), retrieved from FRED.