Quarterly, Seasonally Adjusted
LRAC64TTO1Q156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.90
Year-over-Year Change
1.27%
Date Range
1/1/2005 - 4/1/2017
Summary
The Quarterly, Seasonally Adjusted trend measures the level of labor productivity in the U.S. total economy. This key economic indicator is closely watched by policymakers and analysts to assess the efficiency and competitiveness of the overall economy.
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 measure of real economic output per hour worked. It reflects the combined effects of capital investment, technological innovation, and improvements in worker skills and knowledge. Trends in labor productivity are crucial for understanding long-term economic growth and living standards.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real GDP and total hours worked.
Historical Context
Labor productivity growth is a major driver of rising living standards and is a key focus for economic policymakers.
Key Facts
- Labor productivity grew 2.1% in Q4 2022.
- Productivity is 1.7% above pre-pandemic levels.
- The U.S. has seen a productivity slowdown since the 2000s.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted trend measures the level of labor productivity in the total U.S. economy. It reflects the real output produced per hour of labor input.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key driver of economic growth and living standards. Trends in productivity are closely watched by policymakers, economists, and investors to assess the efficiency and competitiveness of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real GDP and total hours worked.
Q: How is this trend used in economic policy?
A: Productivity growth is a major focus for economic policymakers, as it is a key driver of rising living standards. Trends in labor productivity are closely monitored to assess the overall health and competitiveness of the U.S. economy.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted data is subject to periodic revisions by the Bureau of Labor Statistics as new information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC64TTO1Q156S), retrieved from FRED.