Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for Ireland
Quarterly, Not Seasonally Adjusted
LRAC55FEIEQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.10
Year-over-Year Change
7.07%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic trend measures the labor productivity of the nonfarm business sector on a quarterly basis, without seasonal adjustments. 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
Labor productivity is a measure of economic output per hour worked. Tracking this metric helps analysts and policymakers assess the broader health and potential of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and hours worked data.
Historical Context
Productivity trends are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Productivity growth is a key driver of rising living standards.
- Quarterly productivity data can be volatile due to short-term factors.
- The U.S. has experienced a productivity slowdown in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor productivity of the nonfarm business sector on a quarterly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial factor in economic competitiveness and rising living standards, so this data is closely watched by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and hours worked data.
Q: How is this trend used in economic policy?
A: Productivity trends are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The quarterly productivity data can be volatile due to short-term factors, and there may be update delays from the source agency.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC55FEIEQ156N), retrieved from FRED.