Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 64 Years for Luxembourg
Annual, Not Seasonally Adjusted
LRAC64FELUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.68
Year-over-Year Change
14.27%
Date Range
1/1/2003 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures the labor productivity of the U.S. manufacturing sector. It is a key indicator of economic efficiency and competitiveness.
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 measure of economic output per hour worked. This metric helps assess the overall productivity and efficiency of the U.S. manufacturing industry, which is a crucial driver of economic growth.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and hours worked.
Historical Context
Labor productivity trends are closely monitored by policymakers, economists, and industry analysts to understand the underlying health of the manufacturing sector.
Key Facts
- U.S. manufacturing labor productivity grew 1.8% in 2021.
- Manufacturing accounts for about 11% of U.S. GDP.
- Improving labor productivity is key to boosting competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor productivity of the U.S. manufacturing sector, calculated as the ratio of economic output to hours worked.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a crucial indicator of economic efficiency and competitiveness, providing insights into the health and underlying performance of the U.S. manufacturing industry.
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 manufacturing output and hours worked.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor labor productivity trends to understand the state of the manufacturing sector and inform economic policies and business strategies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted data is typically released with a lag of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64FELUA156N), retrieved from FRED.