Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Portugal
Annual, Not Seasonally Adjusted
LRAC64TTPTA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.98
Year-over-Year Change
9.36%
Date Range
1/1/1998 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted labor productivity in the private nonfarm business sector. It is a key metric for economists and policymakers to assess the efficiency and competitiveness of the U.S. 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 economic output per hour worked. It reflects technological progress, capital investment, and labor quality. Trends in labor productivity are crucial for understanding economic growth, inflation, and international competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and total hours worked.
Historical Context
Policymakers and analysts use this metric to inform decisions on interest rates, taxes, and other economic policies.
Key Facts
- The U.S. private nonfarm business sector produced $69.77 of output per hour worked in 2022.
- Labor productivity grew by 1.7% in 2022 compared to the prior year.
- Productivity gains are a key driver of rising living standards over the long term.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, not seasonally adjusted labor productivity in the U.S. private nonfarm business sector, which is a key indicator of economic efficiency and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: Trends in labor productivity are crucial for understanding economic growth, inflation, and international competitiveness. This metric informs important policy decisions by governments and central banks.
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 output and total hours worked.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions on interest rates, taxes, and other economic policies that aim to promote productivity growth and rising living standards.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. There may be revisions to prior-period estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64TTPTA156N), retrieved from FRED.