Quarterly, Not Seasonally Adjusted
LRINTTFEO1Q156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.00
Year-over-Year Change
-1.23%
Date Range
1/1/2005 - 4/1/2017
Summary
The 'Quarterly, Not Seasonally Adjusted' economic trend measures the total factor productivity of the U.S. economy. This metric is crucial for understanding long-term economic growth and the efficiency of production processes.
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) captures the overall efficiency of an economy, beyond the contributions of labor and capital inputs. It is a key indicator of technological progress and innovation that drive economic expansion over time.
Methodology
The Federal Reserve calculates TFP based on data on real GDP, employment, and capital stock.
Historical Context
Economists and policymakers closely monitor TFP trends to assess the economy's capacity for sustainable growth.
Key Facts
- TFP has grown by an average of 1.5% annually since 1950.
- Rapid TFP growth accompanied the tech boom of the 1990s.
- Weak TFP is a key factor behind the 'productivity slowdown' since the 2000s.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Not Seasonally Adjusted' trend measures total factor productivity (TFP), which captures the overall efficiency and technological progress of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial indicator of an economy's capacity for sustainable long-term growth. It provides insights into the drivers of productivity beyond just labor and capital inputs.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates TFP based on data on real GDP, employment, and capital stock.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor TFP trends to assess the economy's productive potential and guide policies aimed at promoting technological progress and innovation.
Q: Are there update delays or limitations?
A: The TFP data is published quarterly by the Federal Reserve with a lag of several months.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRINTTFEO1Q156N), retrieved from FRED.