Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Norway
Annual, Not Seasonally Adjusted
LRIN64TTNOA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.60
Year-over-Year Change
-9.78%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures nominal labor income in the United States. This metric is a key indicator of economic activity and consumer purchasing power.
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 total labor income earned by individuals in the U.S. on an annual basis, without adjustments for seasonal variations. It is a widely tracked statistic used by economists and policymakers to assess trends in national income and household financial health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Analysts use this metric to inform decisions on monetary and fiscal policy.
Key Facts
- Annual labor income reached a record high in 2021.
- Income growth has outpaced inflation in recent years.
- The metric reflects both wage levels and total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor income earned by individuals in the United States on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and consumer purchasing power, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Analysts use this metric to inform decisions on monetary and fiscal policy, as it provides insights into national income and household financial health.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, and does not account for seasonal variations in labor income.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRIN64TTNOA156N), retrieved from FRED.