Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Israel
Quarterly, Not Seasonally Adjusted
LRAC64TTILQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.67
Year-over-Year Change
0.23%
Date Range
1/1/1995 - 4/1/2025
Summary
This economic trend measures the total labor costs per unit of real output for the nonfarm business sector on a quarterly basis, without seasonal adjustments. It provides insights into labor 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
The Labor Productivity and Costs: Unit Labor Costs, Nonfarm Business Sector, Quarterly, Not Seasonally Adjusted (LRAC64TTILQ156N) metric tracks the changes in labor costs per unit of real output. It reflects the relationship between compensation growth and productivity, which is a key indicator of inflationary trends.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through a survey of businesses.
Historical Context
This metric is closely monitored by policymakers, economists, and market analysts to assess the state of the economy and guide decisions.
Key Facts
- Unit labor costs rose by 2.4% in Q4 2022.
- Productivity increased by 1.7% in Q4 2022.
- Hourly compensation grew by 4.1% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total labor costs per unit of real output for the nonfarm business sector on a quarterly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor productivity and inflationary pressures, which are key indicators for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through a survey of businesses.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers to assess the state of the economy and guide decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a brief delay.
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Citation
U.S. Federal Reserve, Labor Productivity and Costs: Unit Labor Costs, Nonfarm Business Sector, Quarterly, Not Seasonally Adjusted (LRAC64TTILQ156N), retrieved from FRED.