Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Sweden
Annual, Not Seasonally Adjusted
LRAC24MASEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.73
Year-over-Year Change
9.51%
Date Range
1/1/2001 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the average hourly earnings of production and non-supervisory employees in the manufacturing sector. This metric provides insights into the wages and income of a key segment of the U.S. workforce.
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
This data series represents the average hourly earnings of production and non-supervisory employees in the U.S. manufacturing industry. It is a widely followed economic indicator that signals the health of the labor market and can inform policymaking and business decisions.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to gauge inflationary pressures and the strength of consumer demand.
Key Facts
- The annual, not seasonally adjusted earnings in U.S. manufacturing reached $29.08 per hour in 2022.
- Manufacturing wages account for about 12% of total private sector wages in the United States.
- The manufacturing sector employs approximately 12.5 million workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and non-supervisory employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the wages and income of a key segment of the U.S. workforce, which is important for understanding inflationary pressures and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge inflationary pressures and the strength of consumer demand, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC24MASEA156N), retrieved from FRED.