Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Hungary
Quarterly, Not Seasonally Adjusted
LRAC64TTHUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.60
Year-over-Year Change
2.08%
Date Range
4/1/1998 - 1/1/2025
Summary
The 'Quarterly, Not Seasonally Adjusted' trend measures the quarterly labor productivity in the U.S. nonfarm business sector. This metric is a key indicator of economic growth and efficiency.
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 index tracks the relationship between the output of goods and services and the labor hours devoted to that production. It is a fundamental measure of how effectively the economy utilizes its human capital.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and GDP estimates.
Historical Context
Productivity trends are closely monitored by policymakers, businesses, and analysts to assess the economy's performance and potential.
Key Facts
- Productivity growth averaged 1.4% annually from 2010-2019.
- The COVID-19 pandemic caused a 3.8% decline in productivity in 2020.
- Higher productivity allows for increased living standards over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly labor productivity in the U.S. nonfarm business sector, which reflects the relationship between output and labor hours worked.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of economic expansion and improved living standards over time. This metric is closely followed by policymakers, businesses, and economists to assess the economy's performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and GDP estimates.
Q: How is this trend used in economic policy?
A: Productivity trends are monitored by policymakers to understand the economy's capacity for growth and to inform decisions on fiscal, monetary, and labor market policies.
Q: Are there update delays or limitations?
A: The data is released quarterly 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, Quarterly, Not Seasonally Adjusted (LRAC64TTHUQ156N), retrieved from FRED.