Nonfinancial Corporations Sector: Employment for Employees
Percent Change from Quarter One Year Ago
PRS88003011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
-86.67%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Percent Change from Quarter One Year Ago' measures the year-over-year change in productivity for the nonfarm business sector. This metric is a key indicator of economic growth and efficiency.
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
This quarterly index tracks changes in labor productivity, which reflects how much output is produced per hour of labor. It's an important measure of an economy's long-term potential and a useful data point for policymakers and analysts.
Methodology
The Bureau of Labor Statistics calculates this index based on output and hours worked data from the nonfarm business sector.
Historical Context
Policymakers and economists monitor this productivity trend to gauge the overall health and competitiveness of the U.S. economy.
Key Facts
- Productivity growth is a key driver of long-term economic expansion.
- The U.S. has seen productivity growth slow in recent decades.
- Improving productivity is a key policy goal for boosting competitiveness.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Quarter One Year Ago' measures the year-over-year change in labor productivity for the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial indicator of an economy's long-term potential and competitiveness. This metric helps policymakers and economists assess the health and efficiency of the U.S. economy.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics calculates this index based on output and hours worked data from the nonfarm business sector.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor productivity trends to gauge the overall competitiveness of the U.S. economy and inform decisions around policies aimed at boosting long-term growth.
Q: Are there update delays or limitations?
A: This quarterly data series is published by the Bureau of Labor Statistics with a typical 2-3 month delay after the end of each quarter.
Similar PRS Trends
Nonfinancial Corporations Sector: Unit Labor Costs for Employees
PRS88003113
Nonfinancial Corporations Sector: Unit Combined Input Costs for Employees
PRS88003203
Nonfinancial Corporations Sector: Hours Worked for Employees
PRS88003033
Nonfinancial Corporations Sector: Real Hourly Compensation for Employees
PRS88003153
Nonfinancial Corporations Sector: Unit Nonlabor Costs for Employees
PRS88003121
Nonfinancial Corporations Sector: Employment for Employees
PRS88003013
Citation
U.S. Federal Reserve, Percent Change from Quarter One Year Ago (PRS88003011), retrieved from FRED.