Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 64 Years for Japan
Monthly, Seasonally Adjusted
LRAC64MAJPM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.14
Year-over-Year Change
0.08%
Date Range
1/1/1970 - 6/1/2025
Summary
This economic trend measures the unit labor cost in the manufacturing sector of the U.S. economy. Unit labor cost is a key indicator of inflationary pressures and 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 represents the cost of labor per unit of output. It is calculated by dividing total labor compensation by real output. This metric provides insight into productivity and pricing dynamics within the manufacturing industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Unit labor cost is closely monitored by policymakers and economists to assess inflationary risks and the overall health of the manufacturing sector.
Key Facts
- Unit labor cost rose 2.4% in the 3rd quarter of 2022.
- Manufacturing accounts for about 11% of U.S. GDP.
- High unit labor cost can signal a need for productivity improvements.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor cost in the U.S. manufacturing sector, which represents the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost is a key indicator of inflationary pressures and competitiveness within the manufacturing industry, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Unit labor cost is closely monitored by policymakers and economists to assess inflationary risks and the overall health of the manufacturing sector, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Unit Labor Cost in Manufacturing (LRAC64MAJPM156S), retrieved from FRED.