Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 64 Years for Portugal
Annual, Seasonally Adjusted
LRAC64MAPTA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.35
Year-over-Year Change
6.92%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the average hourly earnings of production and non-supervisory employees in the manufacturing sector. This key economic indicator provides insights into labor costs and productivity.
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 series tracks changes in nominal hourly wages for manufacturing workers, which are an important component of overall labor costs. Economists and policymakers use this data to analyze inflationary pressures, assess the health of the labor market, and inform monetary and fiscal policy decisions.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions for its implications on consumer prices, employment, and the broader economic outlook.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Wages make up around 70% of total manufacturing costs.
- The U.S. manufacturing sector employs over 12 million workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and non-supervisory employees in the U.S. manufacturing sector on an annual, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs and productivity in the manufacturing industry, which is a key driver of economic growth and a major component of the overall U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this trend to assess inflationary pressures, the health of the labor market, and to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months. There are no major limitations, as the Bureau of Labor Statistics collects this information directly from employers.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC64MAPTA156S), retrieved from FRED.