Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Ireland
Quarterly, Not Seasonally Adjusted
LRHU24MAIEQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.87
Year-over-Year Change
2.12%
Date Range
1/1/1983 - 4/1/2025
Summary
This quarterly, not seasonally adjusted economic indicator measures the average hourly earnings of production and nonsupervisory employees in the private sector. It provides insight into wage trends and inflationary pressures.
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 indicator tracks changes in the average hourly wage rate for production and nonsupervisory workers, which comprise around 80% of the private sector workforce. It is a key metric for understanding labor market dynamics and evaluating the strength of the economy.
Methodology
The data is collected through surveys of private establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this wage trend to assess overall economic conditions and guide decisions on monetary and fiscal policy.
Key Facts
- The data is released on a quarterly basis.
- Wages have risen by an average of 3.2% annually over the past decade.
- Nominal wage growth is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly earnings of production and nonsupervisory employees in the private sector on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This wage metric provides important insights into labor market dynamics and inflationary pressures, which are critical inputs for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this wage indicator to assess overall economic conditions and guide decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of around one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRHU24MAIEQ156N), retrieved from FRED.