Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Israel
Annual, Seasonally Adjusted
LRAC55TTILA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.29
Year-over-Year Change
9.05%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures annual labor productivity, which is a key indicator of economic growth and efficiency. It is closely watched by economists and policymakers to assess the health and competitiveness of the U.S. 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 measures the output per hour worked in the non-farm business sector. It is a fundamental metric for evaluating the underlying drivers of economic expansion and living standard improvements over time.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and labor hours.
Historical Context
Policymakers use labor productivity trends to inform decisions on interest rates, fiscal policy, and other economic interventions.
Key Facts
- Labor productivity grew 1.8% in 2021.
- Productivity has risen by an average of 1.4% per year since 1947.
- Improving productivity is crucial for raising living standards over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual labor productivity, which is the amount of real economic output produced per hour worked in the non-farm business sector.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic growth and competitiveness. Trends in productivity help inform decisions about interest rates, fiscal policy, and other economic policies.
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: Policymakers closely monitor labor productivity trends to assess the health and competitiveness of the U.S. economy, which informs decisions on interest rates, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC55TTILA156S), retrieved from FRED.