Infra-Annual Labor Statistics: Inactivity Rate Male: From 55 to 64 Years for Australia
Annual, Seasonally Adjusted
LRIN55MAAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.22
Year-over-Year Change
-10.73%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the average length of paid leave provided to employees in the U.S. This metric is important for economists and policymakers to understand workforce trends and labor policies.
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
This series represents the average number of paid leave days per year for private industry workers in the United States. It is a key indicator of employee benefits and workplace policies that impact worker productivity, job satisfaction, and labor force participation.
Methodology
The data is collected through the National Compensation Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in paid leave can inform debates around work-life balance, talent retention, and social welfare programs.
Key Facts
- The average annual paid leave in the U.S. is around 10 days.
- Paid leave benefits vary widely by industry and company size.
- Increased paid leave is linked to higher worker productivity and retention.
FAQs
Q: What does this economic trend measure?
A: This series measures the average number of paid leave days provided to private industry workers in the United States per year.
Q: Why is this trend relevant for users or analysts?
A: Trends in paid leave are important for understanding workforce policies, employee benefits, and their impacts on productivity, job satisfaction, and labor force participation.
Q: How is this data collected or calculated?
A: The data is collected through the National Compensation Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Paid leave trends inform debates around work-life balance, talent retention, and the design of social welfare programs.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may not capture all nuances of paid leave policies across diverse industries and company sizes.
Related Trends
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Population, Total for Australia
POPTOTAUA647NWDB
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Australia
LCEAMN01AUQ661S
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Real Exports of Goods for Australia
NXGRNSAXDCAUQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Australia
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRIN55MAAUA156S), retrieved from FRED.