Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Estonia
Annual, Seasonally Adjusted
LRAC74MAEEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.40
Year-over-Year Change
5.02%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted labor productivity in the non-farm business sector of the U.S. economy. 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 measure of economic output per hour worked. It reflects how efficiently labor is used in the production process and is a crucial factor in long-term economic growth and living standards.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using established statistical methods.
Historical Context
Policymakers and analysts closely monitor labor productivity trends to inform decisions on economic, fiscal, and monetary policies.
Key Facts
- Labor productivity grew by 1.7% in 2021.
- The U.S. has experienced a long-term decline in labor productivity growth since the 1970s.
- Improving labor productivity is crucial for raising living standards and international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted labor productivity in the non-farm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic efficiency and competitiveness, and is crucial for long-term economic growth and rising living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using established statistical methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor labor productivity trends to inform decisions on economic, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC74MAEEA156S), retrieved from FRED.