Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Slovak Republic
Quarterly, Not Seasonally Adjusted
LRAC74TTSKQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.30
Year-over-Year Change
1.07%
Date Range
1/1/1999 - 1/1/2025
Summary
This trend measures the total compensation per hour for the private business sector in the United States, providing insight into labor costs and productivity.
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 Quarterly, Not Seasonally Adjusted series tracks the changes in labor costs, including wages, salaries, and benefits, per hour worked in the private business sector. This metric is closely monitored by economists and policymakers to assess inflationary pressures and labor market dynamics.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers use this trend to inform decisions on monetary and fiscal policies that aim to foster stable economic growth.
Key Facts
- The series has been tracked since 1947.
- It covers all private non-farm businesses in the United States.
- The data is released quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total compensation per hour for employees in the private business sector, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor costs and productivity, which are important factors in assessing economic conditions and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, use this trend to inform decisions on monetary and fiscal policies that aim to promote stable economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics, with a typical delay of several weeks after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC74TTSKQ156N), retrieved from FRED.