Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Israel
Annual, Seasonally Adjusted
LRAC24MAILA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.56
Year-over-Year Change
-13.53%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the annual percent change in unit labor costs for the nonfarm business sector, which is a key indicator of inflationary pressures in the 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
Unit labor costs track the average cost of labor per unit of output, providing insight into the relationship between worker compensation and productivity. This metric is closely monitored by policymakers and analysts to assess the underlying drivers of inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a formula that divides hourly compensation by output per hour.
Historical Context
Changes in unit labor costs can inform Federal Reserve policy decisions and influence expectations around future price levels.
Key Facts
- Annual percent change reached a high of 6.6% in 2022 Q3.
- Unit labor costs have risen for 6 consecutive quarters as of 2022 Q3.
- The 10-year average annual growth rate is 1.9% as of 2022 Q3.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the year-over-year percent change in unit labor costs for the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures, as they capture the relationship between worker compensation and productivity. This metric is closely watched by policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using a formula that divides hourly compensation by output per hour.
Q: How is this trend used in economic policy?
A: Changes in unit labor costs can inform Federal Reserve policy decisions and influence expectations around future price levels, making this a valuable indicator for economists and analysts.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC24MAILA156S), retrieved from FRED.