Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Japan
Monthly, Not Seasonally Adjusted
LRAC74TTJPM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.59
Year-over-Year Change
1.48%
Date Range
1/1/1978 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of production and nonsupervisory employees in the leisure and hospitality sector, a key indicator of labor market conditions and consumer spending.
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 leisure and hospitality industry includes businesses such as hotels, restaurants, bars, and entertainment venues. This earnings series provides insights into wage growth and purchasing power for a significant portion of the U.S. workforce.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess economic performance and guide decisions on monetary and fiscal policy.
Key Facts
- The leisure and hospitality sector employs over 16 million workers in the U.S.
- Wages in this industry have historically been lower than the national average.
- Trends in leisure and hospitality earnings can signal changes in consumer demand and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the leisure and hospitality sector, which includes businesses like hotels, restaurants, and entertainment venues.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth and purchasing power for a significant portion of the U.S. workforce, which can signal changes in consumer demand and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess labor market conditions and guide decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production and Nonsupervisory Employees: Leisure and Hospitality (LRAC74TTJPM156N), retrieved from FRED.