Manufacturing Sector: Implicit Price Deflator for All Employed Persons
Percent Change at Annual Rate
PRS30006142 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.10
Year-over-Year Change
-307.94%
Date Range
1/1/1988 - 1/1/2021
Summary
The Percent Change at Annual Rate, also known as the Productivity and Costs Index, measures the quarterly change in labor productivity for the nonfarm business sector. This key metric is closely watched by economists and policymakers to assess the health of the U.S. economy.
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 Percent Change at Annual Rate is a widely used economic indicator that tracks changes in labor productivity, which is a crucial determinant of economic growth and living standards. It provides insights into the efficiency and competitiveness of the U.S. nonfarm business sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on measures of output and hours worked.
Historical Context
Policymakers closely monitor this index to inform decisions on interest rates, fiscal policy, and other economic interventions.
Key Facts
- The Percent Change at Annual Rate is measured quarterly.
- It tracks changes in labor productivity for the nonfarm business sector.
- Improving labor productivity is a key driver of economic growth and rising living standards.
FAQs
Q: What does this economic trend measure?
A: The Percent Change at Annual Rate measures the quarterly change in labor productivity for the nonfarm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as it provides insights into the efficiency and competitiveness of the U.S. economy, which is crucial for informed decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on measures of output and hours worked.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the Percent Change at Annual Rate to inform decisions on interest rates, fiscal policy, and other economic interventions aimed at promoting productivity and economic growth.
Q: Are there update delays or limitations?
A: The Percent Change at Annual Rate is reported quarterly, with some lag between the end of the reference period and the data release.
Related Trends
Combined Inputs Costs for Manufacturing: Resin, Synthetic Rubber, and Artificial Synthetic Fibers and Filaments Manufacturing (NAICS 3252) in the United States
IPUEN3252M020000000
Total Factor Productivity for Manufacturing: Semiconductor and Other Electronic Component Manufacturing (NAICS 33441) in the United States
IPUEN33441M001000000
Employment for Manufacturing: Surgical Appliance and Supplies Manufacturing (NAICS 339113) in the United States
IPUEN339113W200000000
Capital Productivity for Manufacturing: Medical Equipment and Supplies Manufacturing (NAICS 33911) in the United States
IPUEN33911C000000000
Combined Inputs Costs for Manufacturing: Electric Lighting Equipment Manufacturing (NAICS 3351) in the United States
IPUEN3351M020000000
Real Sectoral Output for Manufacturing: Furniture and Related Product Manufacturing (NAICS 337) in the United States
IPUEN337T011000000
Citation
U.S. Federal Reserve, Percent Change at Annual Rate (PRS30006142), retrieved from FRED.