Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 25 to 54 Years for Hungary
Annual, Not Seasonally Adjusted
LRAC25MAHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.38
Year-over-Year Change
5.56%
Date Range
1/1/1999 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted labor productivity index for the manufacturing sector in the United States. 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
The labor productivity index tracks the ratio of real output to the number of hours worked in the manufacturing industry. It provides insights into the productivity and efficiency of the U.S. manufacturing sector over time.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and employment information.
Historical Context
Analysts and policymakers monitor this metric to assess the health and competitiveness of the U.S. manufacturing industry.
Key Facts
- The manufacturing sector accounts for about 12% of U.S. GDP.
- Labor productivity grew by 1.7% in 2021 compared to the prior year.
- Improving productivity is crucial for maintaining the global competitiveness of U.S. manufacturers.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted labor productivity index for the U.S. manufacturing sector, which tracks 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 the sector's efficiency and competitiveness, making this metric crucial for economists, policymakers, and industry 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 employment information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the health and global competitiveness of the U.S. manufacturing industry, which is an important driver of economic growth.
Q: Are there update delays or limitations?
A: The data is released on a regular annual basis, with a typical delay of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC25MAHUA156N), retrieved from FRED.