Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 64 Years for Austria
Annual, Seasonally Adjusted
LRAC64FEATA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.23
Year-over-Year Change
5.77%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the annual change in labor productivity, a key indicator of economic efficiency and growth. This metric is closely watched by economists and policymakers to gauge the underlying strength 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 tracks the output per hour worked in the nonfarm business sector. It is a vital statistic for understanding how efficiently the economy is utilizing its labor resources, which has important implications for wage growth, inflation, and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and total hours worked.
Historical Context
Policymakers and market analysts use labor productivity trends to inform decisions around monetary policy, fiscal policy, and investment strategies.
Key Facts
- Productivity growth averaged 1.3% per year from 2010-2020.
- Improving productivity is crucial for raising living standards over time.
- Productivity gains can help offset the impact of demographic shifts and labor shortages.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the year-over-year change in labor productivity, which reflects the output per hour worked in the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic efficiency and a driver of long-term growth in living standards. Monitoring productivity trends is essential for policymakers and market participants.
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 total hours worked.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use labor productivity trends to inform decisions around monetary policy, fiscal policy, and investment strategies, as productivity growth is a crucial factor in economic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
Related Trends
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AUTPRCNTO01GPSAM
Producer Prices Index: Economic Activities: Industrial Activities: Total for Austria
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Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Austria
LRAC25TTATA156N
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Austria
AUTLORSGPRTSTSAM
International Trade: Imports: Value (Goods): Total for Austria
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Balance of Payments: Services: Expenditure for Austria
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC64FEATA156S), retrieved from FRED.