Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Denmark
Annual, Not Seasonally Adjusted
LRAC64TTDKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.40
Year-over-Year Change
6.70%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor productivity in the manufacturing sector. It is a key indicator for economists and policymakers to assess the efficiency and competitiveness of the U.S. manufacturing industry.
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, not seasonally adjusted labor productivity in manufacturing represents the amount of real output produced per hour worked by manufacturing employees. This metric is widely used to analyze productivity growth, labor market conditions, and the competitive position of the U.S. manufacturing sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Historical Context
Policymakers and analysts closely monitor this productivity trend to inform decisions on economic and industrial policies.
Key Facts
- Manufacturing labor productivity has increased by over 50% since 1987.
- The U.S. manufacturing sector accounts for nearly 12% of GDP.
- Productivity growth is a key driver of economic competitiveness and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor productivity in the U.S. manufacturing sector, representing real output per hour worked by manufacturing employees.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is a crucial indicator for assessing the efficiency, competitiveness, and growth potential of the U.S. manufacturing industry, which is an important driver of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this productivity trend to inform decisions on economic and industrial policies, such as those targeting manufacturing competitiveness and productivity growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64TTDKA156N), retrieved from FRED.