Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Denmark
Annual, Not Seasonally Adjusted
LRAC24TTDKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.10
Year-over-Year Change
13.28%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual not seasonally adjusted labor productivity for total industry in Korea. It provides insights into the productivity and efficiency of the Korean 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
The annual not seasonally adjusted labor productivity for total industry in Korea is a key indicator of economic performance. It reflects the output per hour worked and is used to analyze trends in national productivity and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using information on production and employment.
Historical Context
This metric is closely watched by economists, policymakers, and businesses to assess the Korean economy's health and international competitiveness.
Key Facts
- Korea's annual labor productivity grew by 2.8% in 2021.
- Manufacturing accounts for over 25% of Korea's total labor productivity.
- Korea ranks among the top 10 most productive economies globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual not seasonally adjusted labor productivity for the total industry in Korea. It reflects the output per hour worked in the Korean economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the productivity and competitiveness of the Korean economy. It provides insights into national economic performance that are closely watched by policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using information on production and employment in Korea.
Q: How is this trend used in economic policy?
A: This productivity metric is used by economists, policymakers, and businesses to evaluate the health and international competitiveness of the Korean economy, informing economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, so there may be a delay in accessing the most recent figures. Additionally, the not seasonally adjusted nature of the data may limit some analyses.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC24TTDKA156N), retrieved from FRED.