Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Australia
Annual, Not Seasonally Adjusted
LRAC25TTAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.41
Year-over-Year Change
4.35%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the average hourly earnings of production and nonsupervisory employees in the private sector. This metric provides insight into the health and wage growth of the U.S. labor market.
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 economic indicator tracks the nominal wages of a broad segment of the U.S. workforce, excluding managerial and supervisory roles. It is a key barometer of inflationary pressures and consumer purchasing power within the economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the broader labor market and inform decisions on interest rates, fiscal policy, and other economic interventions.
Key Facts
- The annual average hourly wage in the U.S. private sector was $31.58 as of the most recent data.
- Wage growth has outpaced inflation in the past year, signaling strengthening consumer purchasing power.
- The trend reached its highest point of $31.58 in 2022, after recovering from pandemic-related declines.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the average hourly earnings of production and nonsupervisory employees in the private sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength of the labor market and the purchasing power of consumers, which are crucial factors for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the broader labor market and inform decisions on interest rates, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC25TTAUA156N), retrieved from FRED.