Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Austria
Quarterly, Not Seasonally Adjusted
LRAC25TTATQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.60
Year-over-Year Change
0.11%
Date Range
1/1/1998 - 1/1/2025
Summary
This quarterly, not seasonally adjusted economic trend measures labor productivity in the U.S. nonfarm business sector. It is a key indicator for economists and policymakers to assess 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
Labor productivity is a measure of economic output per hour worked. It reflects how effectively a country's workforce is being utilized and can signal underlying trends in technology, capital investment, and labor market dynamics.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and labor hours.
Historical Context
Productivity growth is a crucial driver of long-term economic prosperity and living standards.
Key Facts
- U.S. labor productivity grew 1.7% in Q3 2022 compared to the prior quarter.
- Productivity has increased by an average of 1.9% annually over the past 10 years.
- Improving productivity is a key policy goal to boost long-term economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the U.S. nonfarm business sector, which is a key indicator of economic efficiency and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial driver of long-term economic prosperity and living standards, so this trend is closely watched by economists, policymakers, and market analysts.
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 real output and labor hours.
Q: How is this trend used in economic policy?
A: Improving productivity is a key policy goal to boost long-term economic competitiveness, so this trend is closely monitored by government agencies and central banks.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of about two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC25TTATQ156N), retrieved from FRED.