Harmonized Unemployment: Aged 15-24: Females for the European Union
Percent, Quarterly, Seasonally Adjusted
LRHU24FEEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.43
Year-over-Year Change
-21.29%
Date Range
1/1/2000 - 10/1/2019
Summary
The 'Percent, Quarterly, Seasonally Adjusted' metric tracks the percentage change in the U.S. economy's labor productivity, a key indicator of economic efficiency and growth.
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 productivity trend measures the ratio of real output to the number of hours worked in the nonfarm business sector. It provides insights into how efficiently the economy is utilizing its labor resources.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and establishments.
Historical Context
Productivity trends inform economic policy and investment decisions related to labor markets, capital investment, and economic competitiveness.
Key Facts
- The U.S. has experienced steady productivity growth over the past decade.
- Productivity gains are a key driver of rising living standards.
- Declining productivity can signal economic challenges or structural changes.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage change in labor productivity, which measures the ratio of real output to the number of hours worked in the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity trends provide key insights into the economy's efficiency and growth potential, informing decisions around labor markets, capital investment, and economic policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: Productivity metrics are closely monitored by policymakers, economists, and investors to assess the economy's competitive position and guide decisions around fiscal, monetary, and workforce policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Percent, Quarterly, Seasonally Adjusted (LRHU24FEEUQ156S), retrieved from FRED.