Activity Rate: Aged 55-64: All Persons for the European Union
Annual, Not Seasonally Adjusted
LRAC55TTEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.00
Year-over-Year Change
34.26%
Date Range
1/1/2005 - 1/1/2019
Summary
This economic trend measures annual, not seasonally adjusted labor productivity in the U.S. manufacturing sector. It provides crucial insights into the underlying productivity trends within the economy.
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 key measure of economic efficiency and competitiveness. This annual, not seasonally adjusted data series offers a comprehensive view of output per hour worked in the U.S. manufacturing industry, which is a critical driver of overall economic growth.
Methodology
The data is collected through surveys of U.S. manufacturing establishments and calculated as the ratio of real output to hours worked.
Historical Context
Policymakers, economists, and businesses closely monitor productivity trends to assess the strength and resilience of the U.S. economy.
Key Facts
- U.S. manufacturing labor productivity has grown by over 50% since 1987.
- Productivity gains are a key driver of rising living standards.
- Improving productivity is a critical policy goal for economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, not seasonally adjusted labor productivity in the U.S. manufacturing sector, reflecting output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Productivity is a crucial indicator of economic efficiency and competitiveness, making this trend highly relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. manufacturing establishments and calculated as the ratio of real output to hours worked.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor productivity trends to assess the strength and resilience of the U.S. economy and inform decisions on economic policies.
Q: Are there update delays or limitations?
A: There may be minor delays in data reporting, but the annual, not seasonally adjusted nature of this series provides a comprehensive view of long-term productivity trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC55TTEUA156S), retrieved from FRED.