Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Slovak Republic
Quarterly, Not Seasonally Adjusted
LRAC64TTSKQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.40
Year-over-Year Change
1.33%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the average hourly earnings of production and nonsupervisory employees in the private sector, providing insights into U.S. wage growth and labor market dynamics.
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 Quarterly, Not Seasonally Adjusted series tracks changes in average hourly earnings on a quarterly basis, offering a detailed view of wage trends that is not distorted by seasonal employment fluctuations. This metric is closely monitored by economists and policymakers to assess the strength of the labor market and inflationary pressures.
Methodology
The data is collected through surveys of private-sector establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use this trend to inform decisions on monetary policy, fiscal policy, and labor market interventions.
Key Facts
- The series has been published since 1964.
- Wages grew by 5.2% year-over-year in the most recent quarter.
- The metric is released approximately one month after the end of each quarter.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the private sector, providing insights into U.S. wage growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists and policymakers to assess the strength of the labor market and inflationary pressures, informing decisions on monetary policy, fiscal policy, and labor market interventions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private-sector establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to inform decisions on monetary policy, fiscal policy, and labor market interventions.
Q: Are there update delays or limitations?
A: The metric is released approximately one month after the end of each quarter.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Slovak Republic
SVKCP100000GYM
Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Slovak Republic
LFEM24TTSKA657S
Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Slovak Republic
LFEAICTTSKQ647S
Harmonized Index of Consumer Prices: Restaurants and Hotels for Slovakia
CP1100SKM086NEST
Harmonized Index of Consumer Prices: Passenger Transport by Railway for Slovakia
CP0731SKM086NEST
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic
SVKCP120000IXNBQ
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC64TTSKQ156N), retrieved from FRED.