Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Israel
Annual, Seasonally Adjusted
LRAC64TTILA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.45
Year-over-Year Change
-0.03%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures annual labor productivity, which tracks changes in the inflation-adjusted output per hour worked in the U.S. nonfarm business sector. It is a key indicator of economic efficiency and competitiveness.
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 is a fundamental measure of an economy's productive capacity. It reflects how efficiently labor inputs are converted into economic outputs, which is a crucial driver of long-term growth, living standards, and international competitiveness.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Historical Context
Policymakers and economists closely monitor labor productivity trends to assess the underlying health of the economy and make informed decisions.
Key Facts
- Productivity growth is a key driver of rising living standards.
- The U.S. has experienced a slowdown in productivity growth since the early 2000s.
- Improving productivity is a central goal of economic policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual labor productivity, which tracks changes in the inflation-adjusted output per hour worked in the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a fundamental indicator of economic efficiency and competitiveness, providing insights into an economy's productive capacity and potential for growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor productivity trends to assess the underlying health of the economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated 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 (LRAC64TTILA156S), retrieved from FRED.