Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Denmark
Quarterly, Not Seasonally Adjusted
LRAC74TTDKQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.10
Year-over-Year Change
5.11%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the total labor compensation per hour worked, not adjusted for seasonal variations. It provides insights into wage trends and production costs, which are crucial inputs for policymakers and analysts.
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 Labor Compensation per Hour, Quarterly, Not Seasonally Adjusted metric tracks changes in the total hourly compensation, including wages and benefits, paid to workers. This data point is widely used to analyze labor market dynamics and inflationary pressures in the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the state of the labor market and make informed decisions.
Key Facts
- The metric is released quarterly by the U.S. Bureau of Labor Statistics.
- It covers all private industries and government workers in the United States.
- The data is not adjusted for seasonal variations, providing a raw view of labor cost trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hourly compensation, including wages and benefits, paid to workers in the United States. It provides insights into labor market dynamics and production costs.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and market analysts to assess labor market conditions, inflationary pressures, and the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers, central banks, and market analysts use this trend to inform decisions on monetary policy, wage negotiations, and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, with a typical delay of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Labor Compensation per Hour, Quarterly, Not Seasonally Adjusted (LRAC74TTDKQ156N), retrieved from FRED.