Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 25 to 54 Years for Canada
Annual, Seasonally Adjusted
LRAC25FECAA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.08
Year-over-Year Change
3.38%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total labor costs, including wages and benefits, for civilian nonfarm businesses in the U.S. This metric provides insight into inflationary pressures and productivity in the broader 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
This series tracks the annualized change in unit labor costs, which reflects the growth in compensation per hour worked relative to output per hour. It is a key indicator used by economists and policymakers to assess labor market dynamics and their impact on inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using established national accounts methodologies.
Historical Context
Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Unit labor costs rose 5.5% in 2022 compared to the prior year.
- Productivity growth has slowed in recent quarters, putting upward pressure on unit labor costs.
- The Federal Reserve closely tracks unit labor cost trends to assess inflationary risks.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the total labor costs, including wages and benefits, for civilian nonfarm businesses in the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and productivity in the broader economy, making it a key indicator used by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC25FECAA156S), retrieved from FRED.