Consumer Price Index: Education (COICOP 10): Total for France
Quarterly
FRACP100000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
360.14%
Date Range
4/1/1990 - 7/1/2023
Summary
The Quarterly Nonfarm Business Sector: Real Output Per Hour index measures changes in labor productivity within the U.S. nonfarm business sector over time. It is a key indicator of economic efficiency and competitiveness.
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 Nonfarm Business Sector: Real Output Per Hour index tracks the inflation-adjusted output produced per hour of labor in the overall nonfarm business sector of the U.S. economy. It is a widely used metric for assessing long-term trends in labor productivity and economic growth.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real GDP and total hours worked.
Historical Context
Analysts and policymakers closely monitor labor productivity trends to understand the economy's capacity for sustainable growth.
Key Facts
- Quarterly labor productivity has increased by over 60% since 1947.
- The U.S. ranks 9th globally in labor productivity per hour worked.
- Productivity growth slowed to under 1% annually in the 2010s.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Nonfarm Business Sector: Real Output Per Hour index measures changes in labor productivity within the U.S. nonfarm business sector over time.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic efficiency and competitiveness, providing insights into an economy's capacity for sustainable growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real GDP and total hours worked.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor labor productivity trends to understand the economy's capacity for sustainable growth and make informed policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly Nonfarm Business Sector: Real Output Per Hour index is published by the U.S. Bureau of Labor Statistics on a quarterly basis with a short delay.
Related Trends
Goods, Value of Imports for France
VALIMPFRM052N
National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for France
NAEXKP02FRQ189S
Production: Industry: Total Industry Excluding Construction for France
FRAPRINTO01GPSAM
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: New Vacancies for France
LMJVTTNVFRM647S
Sales: Retail Trade: Total Retail Trade: Value for France
SLRTTO02FRQ661S
Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for France
FRAFCSODCHXDC
Citation
U.S. Federal Reserve, Quarterly Nonfarm Business Sector: Real Output Per Hour (FRACP100000GPQ), retrieved from FRED.