Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for France
Quarterly, Not Seasonally Adjusted
LFEACNTTFRQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,908,400.00
Year-over-Year Change
5.48%
Date Range
1/1/2003 - 1/1/2025
Summary
This trend measures quarterly total factor productivity, which is a key indicator of economic efficiency and technological progress. It is closely watched by economists and policymakers to assess long-term growth potential.
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
Total factor productivity (TFP) is a measure of the efficiency with which labor and capital inputs are transformed into economic output. It reflects improvements in production processes, technological innovation, and managerial practices.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework.
Historical Context
Quarterly TFP is a critical input for macroeconomic forecasting and evaluation of fiscal and monetary policies.
Key Facts
- Quarterly TFP grew 1.4% in Q4 2022.
- TFP is a key driver of long-term economic expansion.
- The U.S. has experienced a productivity slowdown since the 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly total factor productivity, which reflects the overall efficiency of the U.S. economy in converting labor and capital inputs into economic output.
Q: Why is this trend relevant for users or analysts?
A: Quarterly TFP is a critical indicator of long-term economic growth potential and a key input for macroeconomic forecasting and policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework that measures the contributions of labor, capital, and technological progress to economic output.
Q: How is this trend used in economic policy?
A: Quarterly TFP data informs monetary and fiscal policy decisions, as it provides insights into the underlying drivers of economic growth and productivity.
Q: Are there update delays or limitations?
A: The quarterly TFP data is released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFEACNTTFRQ647N), retrieved from FRED.