Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Portugal
Annual, Seasonally Adjusted
LRAC74MAPTA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.73
Year-over-Year Change
4.62%
Date Range
1/1/1998 - 1/1/2024
Summary
This series measures annual, seasonally adjusted total factor productivity in the manufacturing sector. It is a key indicator of economic efficiency and a driver of long-term growth.
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
Total factor productivity (TFP) measures the overall efficiency of an economy in transforming inputs into outputs. The annual, seasonally adjusted TFP for manufacturing provides insights into the productivity and competitiveness of this crucial sector.
Methodology
The data is calculated by the Federal Reserve using a growth accounting framework that considers labor, capital, and other inputs.
Historical Context
Policymakers and analysts closely monitor manufacturing TFP to assess the health and potential of the U.S. economy.
Key Facts
- Manufacturing accounts for 11% of U.S. GDP.
- TFP growth has slowed since the 1990s.
- Improving productivity is a key policy goal.
FAQs
Q: What does this economic trend measure?
A: This series measures annual, seasonally adjusted total factor productivity in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing TFP is a crucial indicator of economic efficiency and competitiveness, providing insights into the long-term growth potential of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using a growth accounting framework that considers labor, capital, and other inputs.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor manufacturing TFP to assess the health and potential of the U.S. economy, as improving productivity is a key policy goal.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, and may be subject to revisions as more information becomes available.
Related Trends
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Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Portugal
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC74MAPTA156S), retrieved from FRED.