Annual, Not Seasonally Adjusted
LRAC55FEO1A156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.30
Year-over-Year Change
22.81%
Date Range
1/1/2005 - 1/1/2016
Summary
This series measures the annual real output per hour of all persons in the non-farm business sector. It is a key indicator of labor productivity and an important measure of economic efficiency and growth.
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 real output per hour series tracks changes in the productivity of labor in the non-farm business sector of the U.S. economy. It is widely used by economists and policymakers to assess broader trends in economic output, efficiency, and standards of living.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data on output and hours worked.
Historical Context
This productivity metric informs decisions around monetary and fiscal policy, as well as business and consumer behavior.
Key Facts
- The U.S. experienced a 1.8% increase in annual real output per hour in 2021.
- Productivity growth is a key driver of long-term economic expansion.
- Rising productivity allows for higher wages without fueling inflation.
FAQs
Q: What does this economic trend measure?
A: This series tracks changes in the annual real output per hour of all persons in the non-farm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial indicator of economic efficiency and an important driver of long-term improvements in living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data on output and hours worked.
Q: How is this trend used in economic policy?
A: This productivity metric informs decisions around monetary and fiscal policy, as well as business and consumer behavior.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC55FEO1A156S), retrieved from FRED.