Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 64 Years for Sweden
Annual, Not Seasonally Adjusted
LRAC64MASEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.28
Year-over-Year Change
3.43%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend measures the annual average labor productivity for the manufacturing sector in the United States, without adjusting for seasonal variations. It provides insight into the efficiency of production processes and is a key economic indicator for policymakers and analysts.
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
The annual average labor productivity for manufacturing represents the total output produced per hour worked in the manufacturing industry. It is a valuable metric for assessing the competitiveness and efficiency of the U.S. manufacturing sector over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
This productivity trend is closely monitored by economists, policymakers, and industry analysts to inform decisions on economic policy, investment, and strategic planning.
Key Facts
- The average annual manufacturing productivity has increased by over 50% since 1987.
- Improving productivity is a key goal for U.S. economic competitiveness.
- Productivity growth slowed during the 2008-2009 recession but has since rebounded.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average labor productivity for the U.S. manufacturing sector, which reflects the total output produced per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a critical indicator of the sector's competitiveness and efficiency, informing economic policy, investment decisions, and strategic planning.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this productivity trend to assess the health of the U.S. manufacturing sector and inform decisions on economic policy, trade, and competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Bureau of Labor Statistics, with some minor delays in reporting the latest figures.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64MASEA156N), retrieved from FRED.