Activity Rate: Aged 15-74: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LRAC74TTEUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.20
Year-over-Year Change
1.09%
Date Range
4/1/2000 - 10/1/2019
Summary
The 'Quarterly, Not Seasonally Adjusted' trend measures the ratio of labor compensation to real output in the U.S. nonfarm business sector. It provides insights into labor productivity and economic 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
This labor productivity measure represents the relationship between output and the labor input required to produce that output. It is used by economists and policymakers to assess the efficiency and competitiveness of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey information.
Historical Context
Trends in labor productivity are closely watched for their implications on economic growth, competitiveness, and potential inflationary pressures.
Key Facts
- The ratio of labor compensation to real output is a measure of unit labor costs.
- Rising labor productivity can indicate improvements in economic efficiency.
- Declining labor productivity may signal inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Not Seasonally Adjusted' trend measures the ratio of labor compensation to real output in the U.S. nonfarm business sector, which provides insights into labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Trends in labor productivity are closely watched by economists and policymakers as they indicate the efficiency and competitiveness of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey information.
Q: How is this trend used in economic policy?
A: Trends in labor productivity are used to assess economic growth, competitiveness, and potential inflationary pressures, which inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC74TTEUQ156N), retrieved from FRED.