Employment Rate: Aged 15-74: Males for the European Union
Quarterly, Seasonally Adjusted
LREM74MAEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.55
Year-over-Year Change
3.09%
Date Range
1/1/2005 - 10/1/2019
Summary
The Quarterly, Seasonally Adjusted series measures the real output per hour of all persons in the manufacturing sector. This key productivity metric helps economists and policymakers assess economic growth 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
This series tracks changes in manufacturing labor productivity, which is a crucial indicator of a nation's economic efficiency and international competitiveness. Economists analyze these data to understand productivity trends and their implications for inflation, wages, and overall economic performance.
Methodology
The data is collected through employer surveys and calculated as the ratio of the output of goods and services to the labor hours expended in their production.
Historical Context
Policymakers closely monitor manufacturing productivity to inform decisions on monetary policy, trade, and economic development strategies.
Key Facts
- Manufacturing productivity has risen by over 150% since 1987.
- The U.S. ranks among the world's most productive manufacturing economies.
- Productivity growth is a key driver of rising living standards.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the real output per hour of all persons in the U.S. manufacturing sector, a key indicator of labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a crucial metric for evaluating economic efficiency, competitiveness, and growth potential. Analysts and policymakers use these data to inform decisions on monetary policy, trade, and economic development.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated as the ratio of the output of goods and services to the labor hours expended in their production.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor manufacturing productivity to inform decisions on monetary policy, trade, and economic development strategies, as it is a key indicator of a nation's economic efficiency and international competitiveness.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted series is published by the U.S. Federal Reserve with a typical delay of 2-3 months. There may be occasional revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LREM74MAEUQ156S), retrieved from FRED.