Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 64 Years for Austria
Annual, Not Seasonally Adjusted
LRAC64MAATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.13
Year-over-Year Change
1.89%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the average hourly earnings of all employees in the manufacturing sector of the U.S. economy. It is a key indicator of labor costs and inflationary pressures.
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 monthly series tracks the average hourly wage for production and nonsupervisory workers in the manufacturing industry. It is a widely followed metric used by economists, policymakers, and analysts to assess the strength of the labor market and underlying inflationary trends.
Methodology
The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing wages provide important context for the Federal Reserve's monetary policy decisions.
Key Facts
- Manufacturing accounts for about 12% of U.S. GDP.
- Wage growth has outpaced inflation in the manufacturing sector in recent years.
- The manufacturing industry employs over 12 million workers in the United States.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the average hourly earnings of production and nonsupervisory workers in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of labor costs and inflationary pressures in the manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in manufacturing wages provide important context for the Federal Reserve's monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
Labor Compensation: Earnings: Manufacturing and Mining: Monthly for Austria
LCEAMM03ATA661N
Consumer Price Index: All Items: Total for Austria
AUTCPALTT01IXNBM
Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Austria
PIEAFD01ATA661N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Austria
AUTCPHPLA01IXOBM
Producer Prices Index: Economic Activities: Manufacturing: Domestic for Austria
PIEAMP02ATA659N
Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Austria
AUTCPHP0700GPM
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64MAATA156N), retrieved from FRED.