Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 74 Years for Denmark
Annual, Not Seasonally Adjusted
LRAC74FEDKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.28
Year-over-Year Change
8.28%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic indicator measures the average hourly labor costs in the U.S. manufacturing sector on an annual, non-seasonally adjusted basis. It provides insights into long-term trends in labor compensation 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
The annual, not seasonally adjusted labor costs per hour in U.S. manufacturing is an important metric for evaluating the competitiveness and efficiency of the manufacturing industry. It can be used to analyze workforce dynamics, labor productivity, and the impact of policy changes.
Methodology
The data is collected through surveys of U.S. manufacturing establishments by the Federal Reserve.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of the U.S. manufacturing sector.
Key Facts
- U.S. manufacturing labor costs averaged $36.84 per hour in 2021.
- Labor costs have increased by 25% over the past decade.
- Manufacturing productivity growth has lagged behind overall U.S. productivity in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average hourly labor costs in the U.S. manufacturing sector on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into long-term trends in labor compensation and productivity, which are key factors in evaluating the competitiveness and efficiency of the U.S. manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. manufacturing establishments by the Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of the U.S. manufacturing sector.
Q: Are there update delays or limitations?
A: The data is reported annually with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC74FEDKA156N), retrieved from FRED.