Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Luxembourg
Annual, Not Seasonally Adjusted
LRAC64TTLUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.53
Year-over-Year Change
7.35%
Date Range
1/1/2003 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the average hourly earnings of all employees in the total private sector of the U.S. economy. This metric is closely watched by economists and policymakers as an indicator of labor market conditions 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 Annual, Not Seasonally Adjusted series tracks the nominal average hourly earnings of all private non-farm payroll employees, providing insight into broader wage and compensation trends. This measure is commonly used to assess the strength of the labor market and its impact on consumer spending and inflation.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is closely monitored by the Federal Reserve and other policymakers to help inform monetary policy decisions.
Key Facts
- The series has been tracked since 1964.
- Average hourly earnings reached a record high of $31.85 in December 2022.
- Annual wage growth has exceeded 5% in 2022, the fastest pace in decades.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the average hourly earnings of all employees in the total private sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of labor market conditions and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by the Federal Reserve and other policymakers to help inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64TTLUA156N), retrieved from FRED.