All Employees: Information: Telecommunications in Arizona
Annual
SMU04000005051700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.50
Year-over-Year Change
-21.77%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the total annual output of nonfarm business sector productivity in the United States. It is a key indicator of economic growth and a vital metric for policymakers and analysts.
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 Annual trend represents the annual percent change in output per hour of all persons in the nonfarm business sector. This metric is used to assess the efficiency and competitiveness of the U.S. economy over time.
Methodology
The data is collected through surveys of businesses and calculated as the ratio of real output to hours worked.
Historical Context
Policymakers and economists closely monitor this trend to understand the underlying drivers of economic expansion and to inform decisions around monetary and fiscal policy.
Key Facts
- Productivity growth is a key driver of long-term economic expansion.
- The Annual trend has averaged 1.6% growth over the past 20 years.
- Improving productivity is a central goal of many economic policies.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual percent change in output per hour of all persons in the nonfarm business sector, a key indicator of productivity and economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is vital for understanding the underlying drivers of economic expansion and informing policy decisions around monetary, fiscal, and labor market interventions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated as the ratio of real output to hours worked.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the efficiency and competitiveness of the U.S. economy, and to inform decisions around policies that can promote productivity growth.
Q: Are there update delays or limitations?
A: The Annual trend data is released quarterly with a delay of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU04000005051700001A), retrieved from FRED.