Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Norway
Quarterly, Not Seasonally Adjusted
LRAC74TTNOQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.10
Year-over-Year Change
-0.28%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic trend measures the total labor costs per unit of real output in the U.S. manufacturing sector on a quarterly basis. It is a key indicator of productivity and cost pressures within the manufacturing industry.
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 Costs per Unit of Real Output in Manufacturing, Not Seasonally Adjusted metric tracks the average cost of labor required to produce one unit of real output in the U.S. manufacturing sector. It is used by economists and policymakers to assess efficiency, inflation risks, and broader economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
This trend informs analysis of manufacturing competitiveness, cost-of-living, and monetary policy decisions.
Key Facts
- Quarterly, not seasonally adjusted data
- Measures labor costs per real output unit
- Indicates manufacturing productivity and cost pressures
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor costs per unit of real output in the U.S. manufacturing sector on a quarterly basis, not seasonally adjusted.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of productivity and cost pressures within the manufacturing industry, informing analysis of competitiveness, inflation, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: This trend informs analysis that can influence monetary policy decisions and assessments of manufacturing competitiveness and cost-of-living.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and reflects the not seasonally adjusted manufacturing labor costs.
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Citation
U.S. Federal Reserve, Labor Costs per Unit of Real Output in Manufacturing, Not Seasonally Adjusted (LRAC74TTNOQ156N), retrieved from FRED.