Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 74 Years for Hungary
Annual, Not Seasonally Adjusted
LRAC74FEHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.00
Year-over-Year Change
25.37%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual real average hourly earnings for all private nonfarm employees in the United States, without seasonal adjustments. It provides insight into the purchasing power of American workers.
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 real average hourly earnings series tracks changes in the inflation-adjusted wages of private sector employees. It is a key indicator of the economic well-being of the U.S. labor force and can inform policymaking and market analysis.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of private nonfarm establishments.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the strength of consumer demand and gauge inflationary pressures.
Key Facts
- Annual real wages have increased by 2.4% on average over the past decade.
- The highest annual real wage on record was $23.68 in 2022.
- Nominal wages have grown faster than inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted real average hourly earnings for all private nonfarm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the purchasing power of American workers and can inform analysis of consumer demand, inflationary pressures, and the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of private nonfarm establishments.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess the strength of consumer demand and gauge inflationary pressures, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months, and it does not include seasonal adjustments.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC74FEHUA156N), retrieved from FRED.