Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for United States
Quarterly, Not Seasonally Adjusted
LRAC55TTUSQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.67
Year-over-Year Change
2.30%
Date Range
1/1/1955 - 4/1/2025
Summary
This economic trend measures the unit labor costs, which represent the cost of labor per unit of output. It is a key indicator of inflationary pressures and economic competitiveness.
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
Unit labor cost is the ratio of labor compensation to real output, and is a widely used metric for analyzing productivity and wage dynamics. It provides insights into the relationship between wages, productivity, and profitability.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data on employment, hours, and earnings.
Historical Context
Unit labor cost trends are closely monitored by policymakers, analysts, and businesses to assess macroeconomic conditions and competitiveness.
Key Facts
- Unit labor costs rose 5.5% in Q4 2022 compared to the previous quarter.
- Unit labor costs increased 7.8% in 2022 compared to 2021.
- Rising unit labor costs can indicate inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures unit labor costs, which represent the cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost is a key indicator of inflationary pressures and economic competitiveness, providing insights into the relationship between wages, productivity, and profitability.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data on employment, hours, and earnings.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are closely monitored by policymakers, analysts, and businesses to assess macroeconomic conditions and competitiveness.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical 1-2 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC55TTUSQ156N), retrieved from FRED.