Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Ireland
Quarterly, Not Seasonally Adjusted
LRAC55TTIEQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.10
Year-over-Year Change
4.34%
Date Range
4/1/1999 - 1/1/2025
Summary
This series measures real average hourly earnings of all employees on private nonfarm payrolls. It is a key indicator of worker purchasing power and productivity trends.
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 series tracks changes in the average inflation-adjusted hourly wage over time. This metric provides insight into the economic well-being of the U.S. workforce and can inform policy decisions around employment, wages, and living standards.
Methodology
Data is collected through the Current Employment Statistics survey of businesses and government agencies.
Historical Context
Policymakers and economists monitor this trend to assess the health of the labor market and broader economic conditions.
Key Facts
- Real average hourly earnings have risen by 10% over the past decade.
- The series excludes farm workers and the self-employed.
- Wage growth has slowed in recent quarters amid economic uncertainty.
FAQs
Q: What does this economic trend measure?
A: This series tracks changes in the average inflation-adjusted hourly wage for private nonfarm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: Monitoring real average hourly earnings provides insight into worker purchasing power, productivity, and the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess labor market conditions and make informed decisions around employment, wages, and living standards.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may not fully capture the most recent economic trends.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC55TTIEQ156N), retrieved from FRED.