Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Japan
Monthly, Not Seasonally Adjusted
LRAC55TTJPM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.29
Year-over-Year Change
0.96%
Date Range
1/1/1968 - 6/1/2025
Summary
This economic trend measures the monthly total labor cost per hour for private industry workers, excluding the effects of seasonal variations. It provides insights into changes in labor costs and can inform economic and policy decisions.
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 total labor cost per hour metric tracks the average hourly cost incurred by employers for wages, salaries, and benefits for their workforce. It is a key indicator of inflationary pressures and labor market dynamics.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Employment Cost Index survey.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to assess labor market conditions and their impact on the broader economy.
Key Facts
- The series is published quarterly by the U.S. Bureau of Labor Statistics.
- It covers all private industry workers, excluding farm and household workers.
- The metric is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly cost incurred by employers for wages, salaries, and benefits for their private industry workforce, excluding seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The total labor cost per hour is a crucial indicator of inflationary pressures and labor market dynamics, providing insights that inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' quarterly Employment Cost Index survey.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and businesses to assess labor market conditions and their impact on the broader economy.
Q: Are there update delays or limitations?
A: The series is published quarterly by the U.S. Bureau of Labor Statistics, with a typical release delay of several weeks.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LRAC55TTJPM156N), retrieved from FRED.