Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Canada
Quarterly, Seasonally Adjusted
LRAC64TTCAQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.77
Year-over-Year Change
-0.21%
Date Range
1/1/1976 - 4/1/2025
Summary
This trend measures the total compensation costs for civilian workers in the United States, a key indicator of labor market conditions 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
The Employment Cost Index (ECI) tracks changes in the cost of labor, including wages, salaries, and benefits, across a broad sample of U.S. businesses. It is a widely watched metric for assessing the overall state of the labor market and inflationary trends.
Methodology
The U.S. Bureau of Labor Statistics collects this data through surveys of private and public sector employers.
Historical Context
The ECI is used by policymakers, economists, and market analysts to inform decisions on monetary policy, wage negotiations, and economic forecasting.
Key Facts
- The ECI has been published by the BLS since 1975.
- The index measures changes in labor costs, not the actual level of compensation.
- The ECI is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Employment Cost Index (ECI) tracks changes in the total compensation costs for civilian workers in the United States, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The ECI is a crucial indicator of labor market conditions and inflationary pressures, used by policymakers, economists, and market analysts to inform decisions on monetary policy, wage negotiations, and economic forecasting.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of private and public sector employers.
Q: How is this trend used in economic policy?
A: The ECI is a key input for the Federal Reserve's monetary policy decisions, as it provides insights into the overall state of the labor market and inflationary trends.
Q: Are there update delays or limitations?
A: The ECI is published quarterly, with a typical release delay of about one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Employment Cost Index, Compensation for Civilian Workers, Quarterly, Seasonally Adjusted (LRAC64TTCAQ156S), retrieved from FRED.