Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Australia
Annual, Not Seasonally Adjusted
LRAC64TTAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.37
Year-over-Year Change
5.15%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor cost per unit of real output in the non-farm business sector. It provides insights into 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
The labor cost per unit of real output is a key indicator of production efficiency and inflationary risks. It reflects changes in both labor costs and output, offering a comprehensive view of the cost environment faced by businesses.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of compensation and real output.
Historical Context
Policymakers and analysts use this metric to assess economic conditions and inform decisions around monetary and fiscal policy.
Key Facts
- The series dates back to 1947.
- It is released quarterly by the U.S. Bureau of Labor Statistics.
- The metric can signal inflationary pressures or productivity changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor cost per unit of real output in the non-farm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into production efficiency and inflationary pressures, making it a key indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of compensation and real output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess economic conditions and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics with typical publication lags.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64TTAUA156N), retrieved from FRED.