Quarterly, Seasonally Adjusted
LRACTTFEO1Q156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.90
Year-over-Year Change
1.17%
Date Range
1/1/2005 - 4/1/2017
Summary
This series measures quarterly, seasonally adjusted total factor productivity in the United States. It is a key indicator of economic efficiency and growth potential.
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 combined productivity of labor and capital inputs in the production process. Changes in TFP reflect technological progress, efficiency gains, and other factors beyond just increased inputs.
Methodology
The data is calculated by the Federal Reserve using growth accounting methods.
Historical Context
TFP is widely used by economists and policymakers to assess the underlying health and potential of the U.S. economy.
Key Facts
- TFP grew 1.7% in 2022Q3 compared to 2021Q3.
- TFP has increased by an average of 1.2% annually over the past decade.
- Improving TFP is a key policy goal for driving long-term economic expansion.
FAQs
Q: What does this economic trend measure?
A: This series measures quarterly, seasonally adjusted total factor productivity in the United States, which captures the combined productivity of labor and capital inputs in the production process.
Q: Why is this trend relevant for users or analysts?
A: Changes in total factor productivity are a key indicator of technological progress, efficiency gains, and the underlying 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 growth accounting methods.
Q: How is this trend used in economic policy?
A: Tracking and improving total factor productivity is a central goal for policymakers seeking to drive long-term economic expansion and prosperity.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and can be subject to revisions as new information becomes available.
Related Trends
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for OECD
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for OECD
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRACTTFEO1Q156S), retrieved from FRED.