Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Sweden
Annual, Seasonally Adjusted
LRAC64TTSEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.83
Year-over-Year Change
4.68%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total compensation per hour worked in the U.S. nonfarm business sector. It is a key indicator of labor costs and productivity for policymakers and economists.
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 the change in total compensation, including wages and benefits, for workers in the nonfarm business sector, adjusted for seasonal variations. It provides insights into inflationary pressures and labor market dynamics.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by the Federal Reserve and other policymakers to assess the state of the economy and inform monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2012 = 100.
- Compensation grew by 5.1% in 2022 compared to the prior year.
- Nonfarm business sector productivity declined by 1.5% in 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the total compensation per hour worked in the U.S. nonfarm business sector, including wages and benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity, which are key indicators of inflationary pressures and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers use this trend to assess the state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC64TTSEA156S), retrieved from FRED.