New Private Housing Units Authorized by Building Permits for Pennsylvania
Not Seasonally Adjusted
PABPPRIV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,335.00
Year-over-Year Change
0.69%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'Not Seasonally Adjusted' trend measures the total private nonfarm business sector productivity in the United States. This metric is 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
The private nonfarm business sector productivity index tracks changes in the total output of goods and services produced per hour worked by employees. It is a widely used measure of labor productivity, which informs economic analysis and policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and establishments.
Historical Context
Private sector productivity data is used by policymakers, analysts, and investors to gauge the health and growth potential of the U.S. economy.
Key Facts
- The index uses 2012 as the base year.
- Productivity grew 1.1% in 2021 compared to 2020.
- High productivity supports rising living standards.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' trend measures the total output per hour worked in the private nonfarm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of economic expansion and improved living standards. This metric provides insight into the efficiency and competitiveness of the private sector.
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: Private sector productivity data informs economic analysis and policy decisions made by government, businesses, and investors.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (PABPPRIV), retrieved from FRED.