Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Austria
Annual, Not Seasonally Adjusted
LRAC74TTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.80
Year-over-Year Change
3.19%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor productivity for the total economy in the United States. Labor productivity is a key indicator of economic growth and efficiency.
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
The annual, not seasonally adjusted labor productivity metric tracks the output per hour worked in the total U.S. economy. It is used by economists and policymakers to assess long-term trends in economic performance and the potential for future growth.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using employment and output statistics.
Historical Context
Trends in labor productivity are closely monitored for their implications on economic policy and market conditions.
Key Facts
- Annual labor productivity grew by 1.7% in 2021.
- The U.S. has experienced a slowdown in labor productivity growth since the early 2000s.
- Improving labor productivity is a key policy goal for boosting long-term economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor productivity for the total U.S. economy, which reflects output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a crucial indicator of economic efficiency and growth potential, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using employment and output statistics.
Q: How is this trend used in economic policy?
A: Trends in labor productivity are closely monitored for their implications on economic policy and market conditions, as improving productivity is a key goal for boosting long-term growth.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor productivity data is published with a delay, and users should be aware of potential revisions to historical figures.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC74TTATA156N), retrieved from FRED.