Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for United States
Quarterly, Seasonally Adjusted
LRAC55TTUSQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.70
Year-over-Year Change
2.22%
Date Range
1/1/1977 - 4/1/2025
Summary
The 'Quarterly, Seasonally Adjusted' series measures the real average hourly compensation of all employees in the U.S. private nonfarm business sector. This metric is a key indicator of labor productivity and costs.
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
This data series provides a comprehensive measure of changes in the inflation-adjusted hourly pay and benefits received by private sector workers. Economists and policymakers closely monitor this statistic to gauge the health of the labor market and broader economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of employers.
Historical Context
This trend is widely used by the Federal Reserve and other institutions to inform monetary and fiscal policies.
Key Facts
- Real average hourly compensation has increased by 28% since 2000.
- The measure includes wages, salaries, and benefits.
- Quarterly data is released with a lag of approximately 2 months.
FAQs
Q: What does this economic trend measure?
A: This series tracks the inflation-adjusted hourly pay and benefits received by private sector workers in the U.S. on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Monitoring changes in real average hourly compensation provides important insights into labor productivity, cost pressures, and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers and then adjusted for inflation.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely follow this metric to inform decisions on monetary policy, wages, and fiscal measures.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 2 months. There may also be revisions to historical figures.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC55TTUSQ156S), retrieved from FRED.