Quarterly
Seasonally Adjusted
LRAC25MACZQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.44
Year-over-Year Change
0.30%
Date Range
1/1/1998 - 1/1/2025
Summary
The Seasonally Adjusted (LRAC25MACZQ156S) series measures labor productivity, calculating the ratio of real output to hours worked in the manufacturing sector. This key economic indicator provides insights into 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
Seasonal adjustment is a statistical technique that removes predictable calendar-related fluctuations from economic time series data, enabling analysts to better identify underlying trends. The Seasonally Adjusted manufacturing productivity metric is widely used to evaluate the health and competitiveness of the U.S. industrial sector.
Methodology
The Bureau of Labor Statistics collects source data on output and labor hours, then applies Census X-13 seasonal adjustment procedures to derive the final index.
Historical Context
Manufacturing productivity is closely watched by policymakers, investors, and economists as a barometer of economic growth and international competitiveness.
Key Facts
- The manufacturing sector accounts for about 11% of U.S. GDP.
- Manufacturing productivity has grown by over 60% since 1987.
- The U.S. ranks 10th globally in manufacturing productivity per hour.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures labor productivity in the U.S. manufacturing sector, calculated as the ratio of real output to hours worked.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a key indicator of industrial competitiveness and efficiency, providing insights into the health and growth potential of the U.S. economy.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects source data on manufacturing output and labor hours, then applies statistical techniques to seasonally adjust the productivity metric.
Q: How is this trend used in economic policy?
A: Manufacturing productivity is closely monitored by policymakers, investors, and economists as a barometer of economic growth and international competitiveness.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted manufacturing productivity data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (LRAC25MACZQ156S), retrieved from FRED.