Quarterly, Not Seasonally Adjusted
ODCNPI02AUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,508,307,000.00
Year-over-Year Change
24.31%
Date Range
1/1/1955 - 10/1/2013
Summary
The Quarterly, Not Seasonally Adjusted series measures the percentage change in output per hour of all persons in the non-farm business sector. This metric is a key indicator of labor productivity and economic 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
The Quarterly, Not Seasonally Adjusted series tracks changes in output per hour, a fundamental measure of labor productivity. Economists and policymakers use this data to assess the efficiency of the non-farm business sector and its implications for inflation, wages, and overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked.
Historical Context
This productivity trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- Measures output per hour in the non-farm business sector.
- A key indicator of economic efficiency and growth potential.
- Data is released quarterly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted series measures the percentage change in output per hour of all persons in the non-farm business sector, a key indicator of labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers closely monitor this productivity metric to assess the efficiency of the non-farm business sector and its implications for inflation, wages, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked.
Q: How is this trend used in economic policy?
A: This productivity trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, with occasional revisions to previous estimates.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (ODCNPI02AUQ189N), retrieved from FRED.