Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for Ireland
Annual, Seasonally Adjusted
LRAC55FEIEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.75
Year-over-Year Change
34.44%
Date Range
1/1/2000 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total labor costs per unit of real output, a key indicator of productivity and inflationary pressures in the U.S. 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 labor productivity metric tracks changes in the relationship between output and the labor inputs required to produce it. It is widely used by economists and policymakers to assess economic performance and inform decisions around monetary and fiscal policy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and labor hours worked.
Historical Context
Labor productivity trends are closely monitored by the Federal Reserve and other institutions to gauge inflationary risks and guide policy responses.
Key Facts
- Labor productivity has grown by an average of 1.7% annually since 1990.
- Unit labor costs account for around two-thirds of total business costs in the U.S.
- Increasing labor productivity is a key driver of long-term economic growth.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures changes in unit labor costs, which represent the total labor costs per unit of real output produced.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a crucial indicator of economic efficiency and inflationary pressures, making this trend highly relevant for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and labor hours worked.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor labor productivity trends to assess economic performance and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC55FEIEA156S), retrieved from FRED.