Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Sweden
Quarterly, Not Seasonally Adjusted
LRAC64TTSEQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.20
Year-over-Year Change
1.46%
Date Range
4/1/1998 - 1/1/2025
Summary
This trend measures unit labor costs in the private nonfarm business sector on a quarterly, not seasonally adjusted basis. It is a key indicator of productivity and inflationary pressures in the economy.
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
Unit labor costs represent the cost of labor input required to produce one unit of output. They are calculated by dividing total labor compensation by real output. This metric is widely used by economists and policymakers to assess changes in labor productivity and inflationary trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Quarterly unit labor cost trends provide important context for Federal Reserve and government economic policy decisions.
Key Facts
- Unit labor costs rose 2.4% in Q3 2022 compared to the prior quarter.
- Productivity in the private nonfarm business sector decreased 1.5% in Q3 2022.
- Hourly compensation increased 0.8% in Q3 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures unit labor costs in the private nonfarm business sector on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of productivity and inflationary pressures in the economy, providing important context for economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Quarterly unit labor cost trends provide important context for Federal Reserve and government economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC64TTSEQ156N), retrieved from FRED.