Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Spain
Annual, Seasonally Adjusted
LRAC74TTESA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.28
Year-over-Year Change
-1.84%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the real average hourly earnings of all employees in the leisure and hospitality sector, a key indicator of economic performance and consumer purchasing power.
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
This series provides insights into the wage trends of workers in the leisure and hospitality industry, which is a significant component of the U.S. economy. It helps economists and policymakers assess the state of the labor market and consumer spending patterns.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of establishments.
Historical Context
The real average hourly earnings trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The leisure and hospitality sector accounts for over 17 million U.S. jobs.
- Real average hourly earnings have increased by 3.2% over the past year.
- Wage growth in this sector tends to lead broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This series measures the real average hourly earnings of all employees in the U.S. leisure and hospitality sector, which includes industries like accommodation, food services, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: The real average hourly earnings in the leisure and hospitality sector is a key indicator of consumer purchasing power and economic performance, helping economists and policymakers assess labor market conditions and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of establishments.
Q: How is this trend used in economic policy?
A: The real average hourly earnings trend in the leisure and hospitality sector is closely monitored by the Federal Reserve and other institutions to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC74TTESA156S), retrieved from FRED.