Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Sweden
Quarterly, Seasonally Adjusted
LRAC74TTSEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.54
Year-over-Year Change
1.95%
Date Range
1/1/2001 - 1/1/2025
Summary
This quarterly, seasonally adjusted economic indicator measures the average output per hour worked for the total economy, providing insights into labor productivity trends.
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, as measured by output per hour, is a key metric for analyzing economic efficiency and competitiveness. It reflects the relationship between real economic output and the labor input required to produce that output.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey information on output and employee hours.
Historical Context
Productivity trends inform economic policymaking and business strategy by illuminating the capacity for sustainable growth.
Key Facts
- Productivity growth is a key driver of long-term economic expansion.
- Higher productivity allows for increased real wages and living standards.
- The U.S. has experienced a slowdown in productivity growth since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average output produced per hour worked in the total U.S. economy, providing insights into labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial determinant of an economy's potential for sustainable expansion 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 establishment survey information on output and employee hours.
Q: How is this trend used in economic policy?
A: Productivity trends inform economic policymaking and business strategy by illuminating the capacity for sustainable growth.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, with potential revisions to previous periods.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC74TTSEQ156S), retrieved from FRED.