Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Russia
Quarterly
RUSCP120000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
198.50
Year-over-Year Change
12.69%
Date Range
1/1/2004 - 10/1/2021
Summary
The Quarterly Nonfarm Business Sector: Real Output Per Hour index measures changes in labor productivity for the U.S. nonfarm business sector. This metric is a key indicator of economic growth and competitiveness.
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 Nonfarm Business Sector: Real Output Per Hour index tracks the productivity of the U.S. nonfarm business sector by measuring changes in real output per hour worked. This data point provides insights into the efficiency and competitiveness of the broader economy.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and total hours worked in the nonfarm business sector.
Historical Context
Policymakers and economists closely monitor this productivity measure to assess the health of the U.S. economy and inform decisions on fiscal and monetary policy.
Key Facts
- The index is published quarterly by the U.S. Bureau of Labor Statistics.
- Productivity growth is a key driver of long-term economic expansion.
- The index is a key input for policymakers and analysts monitoring the economy.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Nonfarm Business Sector: Real Output Per Hour index measures changes in labor productivity for the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides important insights into the efficiency and competitiveness of the broader U.S. economy, making it a key input for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and total hours worked in the nonfarm business sector.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this productivity measure to assess the health of the U.S. economy and inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The index is published quarterly, so there may be a short delay in the latest data being available.
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Citation
U.S. Federal Reserve, Quarterly Nonfarm Business Sector: Real Output Per Hour (RUSCP120000IXNBQ), retrieved from FRED.