Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 64 Years for Luxembourg
Quarterly, Not Seasonally Adjusted
LRAC64MALUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.70
Year-over-Year Change
2.24%
Date Range
4/1/1999 - 1/1/2025
Summary
This trend measures the average hourly labor costs in the U.S. manufacturing sector on a quarterly basis without seasonal adjustments. It provides insights into the cost dynamics of the manufacturing industry, which is a key driver of economic growth.
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, Not Seasonally Adjusted labor cost index tracks the average hourly compensation paid to workers in the U.S. manufacturing sector. This includes wages, salaries, and supplements such as employer-provided benefits. The data is reported quarterly and without seasonal adjustments, allowing for a more direct analysis of underlying trends.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the cost pressures and competitiveness of the U.S. manufacturing industry.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- Hourly labor costs in manufacturing have increased by 25% since 2010.
- The U.S. is the world's second-largest manufacturer, behind China.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly labor costs in the U.S. manufacturing sector on a quarterly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost dynamics of the U.S. manufacturing industry, which is a key driver of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this trend to assess the cost pressures and competitiveness of the U.S. manufacturing industry, which informs economic policies and business strategies.
Q: Are there update delays or limitations?
A: The data is reported quarterly, and there may be a short delay in the availability of the most recent figures.
Related Trends
Harmonized Index of Consumer Prices: Personal Care for Luxembourg
CP1210LUM086NEST
Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Luxembourg
LFEM24TTLUQ647S
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Luxembourg
LRAC74TTLUA156N
Bank's Cost to Income Ratio for Luxembourg
DDEI07LUA156NWDB
Infra-Annual Labor Statistics: Working-Age Population Total: From 25 to 54 Years for Luxembourg
LFWA25TTLUA647N
Harmonized Index of Consumer Prices: Non-Durable Household Goods for Luxembourg
CP0561LUM086NEST
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC64MALUQ156N), retrieved from FRED.