Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Czechia
Quarterly, Not Seasonally Adjusted
LRAC64TTCZQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.60
Year-over-Year Change
0.78%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Quarterly, Not Seasonally Adjusted' trend measures output per hour for the nonfarm business sector, a key indicator of U.S. labor productivity and economic growth.
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
This labor productivity metric tracks changes in the efficiency of American workers, which is a crucial factor in long-term economic competitiveness and standards of living.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and employee hours.
Historical Context
Policymakers and analysts use this productivity trend to gauge the health of the broader economy and inform decisions around fiscal, monetary, and employment policies.
Key Facts
- Productivity growth averaged 2.0% annually from 2010-2019.
- Q4 2022 productivity was 1.7% above the same quarter in 2021.
- Weak productivity can constrain wage growth and living standards.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Not Seasonally Adjusted' metric tracks changes in output per hour for the U.S. nonfarm business sector, a key indicator of labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is crucial for economic competitiveness, wage growth, and improvements in living standards over time.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics calculates this metric based on measures of real output and employee hours worked.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this productivity data to gauge the overall health of the economy and inform decisions around fiscal, monetary, and employment policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC64TTCZQ156N), retrieved from FRED.