Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Luxembourg
Quarterly, Not Seasonally Adjusted
LRAC64TTLUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.90
Year-over-Year Change
1.77%
Date Range
4/1/1999 - 1/1/2025
Summary
This trend measures the total labor costs per unit of real output in the nonfarm business sector on a quarterly basis. It provides insight into productivity and inflation dynamics for policymakers and analysts.
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 Labor Productivity and Costs: Nonfarm Business Sector: Unit Labor Costs, Quarterly, Not Seasonally Adjusted (LRAC64TTLUQ156N) index tracks the change in labor costs per unit of real output. It is a key metric used to assess inflationary pressures and productivity growth in the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and compensation.
Historical Context
Unit labor costs are closely monitored by the Federal Reserve and other policymakers for their implications on inflation and monetary policy.
Key Facts
- Unit labor costs rose 5.5% in Q4 2022.
- Unit labor costs are a key driver of consumer price inflation.
- Productivity growth and unit labor costs are closely watched by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor costs per unit of real output in the nonfarm business sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs provide insight into productivity and inflationary pressures, making them a key metric monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and compensation.
Q: How is this trend used in economic policy?
A: Unit labor costs are closely monitored by the Federal Reserve and other policymakers for their implications on inflation and monetary policy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short lag, providing timely information on labor productivity and cost trends.
Related Trends
National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Luxembourg
LUXEXPORTQDSMEI
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg
LUXCP040000GPM
Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Luxembourg
DDOI09LUA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Luxembourg
LUXCP040000IXOBM
Consumer Price Index: Education (COICOP 10): Total for Luxembourg
LUXCP100000GPM
Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Luxembourg
LREM55MALUA156N
Citation
U.S. Federal Reserve, Labor Productivity and Costs: Nonfarm Business Sector: Unit Labor Costs, Quarterly, Not Seasonally Adjusted (LRAC64TTLUQ156N), retrieved from FRED.