Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Turkiye
Quarterly, Not Seasonally Adjusted
LRAC64TTTRQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.20
Year-over-Year Change
2.60%
Date Range
1/1/2006 - 1/1/2025
Summary
The 'Quarterly, Not Seasonally Adjusted' economic trend measures unit labor costs, which reflect the cost of labor per unit of output. This key economic indicator provides insights into inflationary pressures and productivity.
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. This metric is used by policymakers and analysts to assess the relationship between compensation and productivity growth, which can inform decisions around inflation, employment, and economic policy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
Trends in unit labor costs are closely monitored by the Federal Reserve and other economic institutions to gauge the risk of inflationary pressures in the broader economy.
Key Facts
- Unit labor costs rose 2.4% in Q4 2022.
- Labor productivity declined 3.0% in Q4 2022.
- Hourly compensation increased 1.1% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Not Seasonally Adjusted' trend measures unit labor costs, which reflect the cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and productivity, providing important insights for policymakers and market analysts.
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 hourly compensation and productivity.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to gauge the risk of inflationary pressures in the broader economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC64TTTRQ156N), retrieved from FRED.