Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Luxembourg
Quarterly, Seasonally Adjusted
LRAC55TTLUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.54
Year-over-Year Change
1.96%
Date Range
4/1/2007 - 1/1/2025
Summary
This economic trend measures the total labor compensation per hour worked for the non-farm business sector, adjusted for seasonal variations. It provides insight into changes in productivity and cost of labor 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
The Quarterly, Seasonally Adjusted labor compensation per hour metric tracks changes in the wages, salaries, and benefits paid to workers in the non-farm business sector. It's a key indicator used by economists and policymakers to assess labor market dynamics and inflationary pressures.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions when evaluating monetary and fiscal policy decisions.
Key Facts
- Quarterly data series dating back to 1947.
- Measures total compensation per hour, including wages, salaries, and benefits.
- Seasonally adjusted to account for regular fluctuations.
FAQs
Q: What does this economic trend measure?
A: This trend measures total labor compensation per hour worked in the non-farm business sector of the U.S. economy, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into changes in labor productivity and inflationary pressures, which are crucial factors considered by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this metric when evaluating monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC55TTLUQ156S), retrieved from FRED.