Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for Hungary
Annual, Seasonally Adjusted
LRAC55FEHUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.93
Year-over-Year Change
88.19%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic indicator measures the annual, seasonally adjusted labor productivity of the U.S. non-farm business sector. It is a key metric for analyzing efficiency, wage growth, and economic performance.
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 tracks the output per hour worked, providing insights into a country's economic competitiveness and potential for sustainable growth. Policymakers and analysts use this data to inform decisions around monetary policy, investment, and workforce development.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and total hours worked.
Historical Context
Labor productivity data is used to assess the health of the broader economy and inform decisions around employment, inflation, and monetary policy.
Key Facts
- Labor productivity has grown by an average of 2.1% annually since 1947.
- Improving labor productivity is crucial for raising living standards over the long term.
- The U.S. non-farm business sector accounts for approximately 77% of the total U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the annual, seasonally adjusted labor productivity of the U.S. non-farm business sector, tracking output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key metric for assessing economic efficiency, competitiveness, and potential for sustainable growth. It informs decisions around monetary policy, investment, and workforce development.
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 total hours worked.
Q: How is this trend used in economic policy?
A: Labor productivity data is used by policymakers, economists, and analysts to assess the health of the broader economy and inform decisions around employment, inflation, and monetary policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
Related Trends
Labor Compensation: Earnings: Manufacturing: Hourly for Hungary
LCEAMN01HUM659S
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary
LCEAMN01HUQ661S
Residential Property Prices for Hungary
QHUN628BIS
Financial Market: Share Prices for Hungary
SPASTT01HUA661N
Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Hungary
HUNCPGRHO02GPQ
Producer Prices Index: Type of Goods: Investments Goods: Total for Hungary
HUNPITGVG01GPM
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC55FEHUA156S), retrieved from FRED.