Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Israel
Quarterly, Not Seasonally Adjusted
LRAC55TTILQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.97
Year-over-Year Change
-0.09%
Date Range
1/1/1995 - 4/1/2025
Summary
This trend measures the total labor costs per unit of real output for the nonfarm business sector on a quarterly basis without seasonal adjustments. It provides insight into productivity and inflation dynamics.
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 Labor Productivity and Costs: Unit Labor Costs, Nonfarm Business Sector, Quarterly, Not Seasonally Adjusted (LRAC55TTILQ156N) series tracks the inflation-adjusted labor costs per unit of output in the U.S. nonfarm business sector. It is a key indicator of cost-push inflationary pressures and productivity trends.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and national accounts data.
Historical Context
Policymakers and analysts use this metric to assess the state of the economy and guide monetary and fiscal policy decisions.
Key Facts
- Unit labor costs rose 7.2% in Q2 2022 compared to the prior quarter.
- Unit labor costs are a key driver of consumer price inflation.
- Productivity gains can offset unit labor cost increases and reduce inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor costs per unit of real output for the nonfarm business sector on a quarterly basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of cost-push inflationary pressures and productivity trends, providing important insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the economy and guide 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 information becomes available.
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Citation
U.S. Federal Reserve, Labor Productivity and Costs: Unit Labor Costs, Nonfarm Business Sector, Quarterly, Not Seasonally Adjusted (LRAC55TTILQ156N), retrieved from FRED.