Activity Rate: Aged 15-74: All Persons for the European Union
Annual, Not Seasonally Adjusted
LRAC74TTEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.05
Year-over-Year Change
3.79%
Date Range
1/1/2005 - 1/1/2019
Summary
The Annual, Not Seasonally Adjusted economic trend measures the annual labor productivity index for the transportation and warehousing sector in the United States. This metric 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
The labor productivity index tracks the output per hour worked in the transportation and warehousing industry. It is used by economists and policymakers to analyze productivity trends, inform labor and industry policies, and assess the sector's competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on industry output and labor input measures.
Historical Context
This trend is closely monitored by government agencies, industry groups, and market analysts to understand the transportation sector's role in the broader economy.
Key Facts
- The U.S. transportation and warehousing sector accounts for over 5% of total GDP.
- Labor productivity in this sector has grown by an average of 2.5% per year over the past decade.
- Improving productivity is a key priority for transportation companies and policymakers.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the labor productivity index for the U.S. transportation and warehousing sector, reflecting output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the efficiency and competitiveness of a crucial part of the U.S. economy, informing labor, industry, and infrastructure policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on industry output and labor input measures.
Q: How is this trend used in economic policy?
A: Government agencies, industry groups, and market analysts closely monitor this trend to assess the transportation sector's role and performance within the broader economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC74TTEUA156S), retrieved from FRED.