Annual, Not Seasonally Adjusted
LRIN64TTO1A156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.40
Year-over-Year Change
-6.58%
Date Range
1/1/2005 - 1/1/2016
Summary
This economic trend measures the total labor input, expressed as the total annual hours worked, for the total economy in the United States. It provides insights into labor market dynamics and productivity.
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
The total annual hours worked metric represents the total labor input to the U.S. economy over a given year. It is a key indicator for economists and policymakers to assess labor market conditions, labor productivity, and potential output growth.
Methodology
The data is collected through surveys of establishments and households by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to analyze labor market trends and inform economic and policy decisions.
Key Facts
- The total annual hours worked in the U.S. economy was 251.3 billion in 2021.
- This metric declined during the COVID-19 pandemic but has since recovered.
- It is a key input for measuring labor productivity and potential GDP growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual hours worked in the U.S. economy, providing insights into labor market dynamics and productivity.
Q: Why is this trend relevant for users or analysts?
A: The total annual hours worked is a crucial indicator for economists and policymakers to assess labor market conditions, labor productivity, and potential output growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used to analyze labor market trends and inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a short delay and may be subject to revisions as more information becomes available.
Related Trends
Production: Construction: Total
OECDPRCNTO01GPSAM
Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for OECD
OECDLFEM25TTGPQ
Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for OECD
OECDLFACTTMASTSAQ
Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for OECD
OECDLFEAAGTTSTSAQ
Infra-Annual Labor Statistics: Employment Rate Male: 15 Years or over for OECD
OECDLREMTTMASTSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for OECD
OECDLFIN25TTSTQ
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRIN64TTO1A156N), retrieved from FRED.