Harmonized Unemployment: Aged 25 and Over: Males for the European Union
Percent, Annual, Not Seasonally Adjusted
LRHUADMAEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.23
Year-over-Year Change
-5.14%
Date Range
1/1/2000 - 1/1/2019
Summary
This economic trend measures the annual percent change in labor productivity, an important indicator of economic growth and living standards.
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 is a measure of economic output per hour worked. It is a key metric for economists and policymakers to assess an economy's efficiency and the potential for future prosperity.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Historical Context
Trends in labor productivity provide important insights for monetary and fiscal policy decisions.
Key Facts
- Labor productivity grew 1.7% in 2021.
- The U.S. has experienced a slowdown in productivity growth since the early 2000s.
- Boosting productivity is crucial for raising living standards over the long term.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in labor productivity, which is a key indicator of economic output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Trends in labor productivity provide important insights for economists and policymakers to assess an economy's efficiency and potential for future growth and prosperity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Q: How is this trend used in economic policy?
A: Trends in labor productivity provide crucial inputs for monetary and fiscal policy decisions to support economic growth and living standards.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Bureau of Labor Statistics, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Percent, Annual, Not Seasonally Adjusted (LRHUADMAEUA156S), retrieved from FRED.