Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Australia
Quarterly, Seasonally Adjusted
LRAC24TTAUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.40
Year-over-Year Change
-1.29%
Date Range
4/1/1978 - 4/1/2025
Summary
This series measures the average hourly earnings of production and nonsupervisory employees in the private nonfarm business sector on a quarterly, seasonally adjusted basis. It provides important insights into wage growth and labor market conditions.
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, Seasonally Adjusted series tracks changes in average hourly earnings, a key indicator of labor costs and employee compensation. It is widely used by economists and policymakers to assess the strength of the U.S. economy and inform decisions on monetary and fiscal policy.
Methodology
The data is collected through the Current Employment Statistics survey, a monthly survey of businesses.
Historical Context
Trends in average hourly earnings are closely monitored by the Federal Reserve and other institutions to gauge inflationary pressures and the overall health of the labor market.
Key Facts
- Quarterly data, seasonally adjusted
- Covers production and nonsupervisory employees in private nonfarm businesses
- Provides insights into wage growth and labor market conditions
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings of production and nonsupervisory employees in the private nonfarm business sector on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in average hourly earnings are a key indicator of labor costs and employee compensation, providing important insights into the strength of the U.S. economy and informing decisions on monetary and fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey, a monthly survey of businesses.
Q: How is this trend used in economic policy?
A: Trends in average hourly earnings are closely monitored by the Federal Reserve and other institutions to gauge inflationary pressures and the overall health of the labor market.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted series is released on a timely basis, with the most recent data typically available within a few weeks of the end of the quarter.
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Amount Outstanding of Domestic Debt Securities for General Government Issuers, All Maturities, Residence of Issuer in Australia
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Mutual Fund Assets to GDP for Australia
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC24TTAUQ156S), retrieved from FRED.