Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 64 Years for Austria
Annual, Seasonally Adjusted
LRAC64MAATA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.13
Year-over-Year Change
1.89%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures annual, seasonally adjusted labor productivity, which is a key indicator of economic efficiency and growth potential.
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 non-farm business sector. It is a crucial metric for policymakers and analysts to gauge the productive capacity and efficiency of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and total hours worked.
Historical Context
Trends in labor productivity inform decisions around monetary and fiscal policy, as well as business investment strategies.
Key Facts
- Productivity growth is a primary driver of long-term economic expansion.
- Increased labor productivity allows for higher wages without triggering inflation.
- Productivity gains are a key source of improvement in living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, seasonally adjusted labor productivity in the non-farm business sector, which represents output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a crucial indicator of economic efficiency and growth potential, informing policy decisions and business investment strategies.
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 output and total hours worked.
Q: How is this trend used in economic policy?
A: Trends in labor productivity inform decisions around monetary and fiscal policy, as well as provide insights into the productive capacity and efficiency of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC64MAATA156S), retrieved from FRED.