Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: 15 Years or over for Austria
Annual, Not Seasonally Adjusted
LFINTTFEATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,703,475.00
Year-over-Year Change
3.63%
Date Range
1/1/1999 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted total factor productivity in the non-farm business sector. It is a key indicator of the efficiency and technological progress of the U.S. economy.
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 used in production. Tracking changes in TFP helps economists assess long-term economic growth and technological advancement.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework.
Historical Context
Policymakers and analysts use TFP trends to inform decisions on fiscal, monetary, and regulatory policies.
Key Facts
- TFP grew 1.4% in 2021 after declining in 2020.
- Productivity growth is a key driver of rising living standards.
- The U.S. has experienced a slowdown in TFP growth since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted total factor productivity in the non-farm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in total factor productivity helps economists and policymakers assess long-term economic growth, technological progress, and the efficiency of labor and capital utilization.
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.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use TFP trends to inform decisions on fiscal, monetary, and regulatory policies that can impact long-term economic growth and productivity.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFINTTFEATA647N), retrieved from FRED.