Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Slovak Republic
Quarterly, Not Seasonally Adjusted
LRAC24MASKQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.40
Year-over-Year Change
7.64%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the average hourly labor cost for the manufacturing sector in the United States on a quarterly basis, without seasonal adjustments.
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 Quarterly, Not Seasonally Adjusted labor cost measure provides insights into labor market dynamics and inflationary pressures within the manufacturing industry. It is used by economists and policymakers to assess production costs and competitiveness.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric informs decision-making around monetary and fiscal policies.
Key Facts
- The U.S. manufacturing sector accounts for over 11% of GDP.
- Labor costs make up a significant portion of total production expenses.
- This metric helps track the impact of policy changes on business costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly labor cost for the U.S. manufacturing sector on a quarterly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and inflationary pressures within the manufacturing industry, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric informs decision-making around monetary and fiscal policies, as it helps track the impact of policy changes on business costs and competitiveness.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC24MASKQ156N), retrieved from FRED.