Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Germany
Annual, Not Seasonally Adjusted
LRAC24TTDEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.73
Year-over-Year Change
8.80%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor productivity in the U.S. non-farm business sector. It is a key indicator of economic efficiency and output growth.
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. It provides insights into the efficient use of labor and can signal changes in competitiveness, technological innovation, and standards of living.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and hours worked.
Historical Context
Productivity trends are closely watched by policymakers, investors, and analysts to assess the underlying health of the economy.
Key Facts
- Labor productivity grew 1.7% in 2021.
- The U.S. non-farm business sector accounts for about 77% of GDP.
- Productivity is a key driver of long-term economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, not seasonally adjusted labor productivity in the U.S. non-farm business sector, which is a key indicator of economic efficiency and output growth.
Q: Why is this trend relevant for users or analysts?
A: Productivity trends are closely watched by policymakers, investors, and analysts as they provide insights into the efficient use of labor, competitiveness, technological innovation, and standards of living.
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 output and hours worked.
Q: How is this trend used in economic policy?
A: Productivity trends are used by policymakers, economists, and market analysts to assess the underlying health of the economy and make informed decisions about economic policy and investment strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, with some delay in the reporting period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC24TTDEA156N), retrieved from FRED.