Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Luxembourg
Quarterly, Not Seasonally Adjusted
LRAC74TTLUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.80
Year-over-Year Change
1.95%
Date Range
4/1/1999 - 1/1/2025
Summary
This trend measures the total labor compensation per hour worked in the U.S. non-farm business sector. It provides insight into labor productivity and cost pressures within the economy.
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 Productivity and Costs (LPC) program tracks changes in labor productivity, costs, and compensation. Quarterly, not seasonally adjusted data on output per hour, unit labor costs, and related measures are used by policymakers and economists to assess economic performance.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data on employment, hours, and compensation.
Historical Context
Trends in labor productivity and labor costs are closely monitored by the Federal Reserve and other policymakers to gauge inflationary pressures and labor market dynamics.
Key Facts
- Quarterly, not seasonally adjusted data series.
- Measures labor compensation per hour in the non-farm business sector.
- Used to assess labor productivity and cost pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures total labor compensation per hour worked in the U.S. non-farm business sector, providing insight into labor productivity and cost pressures.
Q: Why is this trend relevant for users or analysts?
A: Trends in labor productivity and labor costs are closely monitored by policymakers and economists to gauge inflationary pressures and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data on employment, hours, and compensation.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers use this data to assess economic performance and labor market conditions when making policy decisions.
Q: Are there update delays or limitations?
A: This is a quarterly, not seasonally adjusted data series, so there may be some delays in availability compared to monthly economic indicators.
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Citation
U.S. Federal Reserve, Labor Productivity and Costs (LRAC74TTLUQ156N), retrieved from FRED.