Annual
ULQBBV03TRA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158,569,068,996.00
Year-over-Year Change
51.48%
Date Range
1/1/1990 - 1/1/2010
Summary
The Annual trend measures the year-over-year percentage change in labor productivity for the U.S. 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
The Annual trend tracks the annual change in labor productivity, which is a measure of economic output per hour worked. It provides insights into the long-term drivers of economic expansion and can help inform policymaking decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using information from establishment surveys.
Historical Context
Productivity growth is closely monitored by economists and policymakers as it is a crucial component of sustainable economic development.
Key Facts
- The U.S. nonfarm business sector accounts for about 75% of gross domestic product.
- Productivity growth is a key driver of rising living standards over the long term.
- The Annual trend has shown considerable volatility in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in labor productivity for the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a critical determinant of economic expansion and improved living standards, making the Annual trend an important indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using information from establishment surveys.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor productivity growth as it is a key component of sustainable economic development and can inform decisions on issues like taxation, spending, and regulations.
Q: Are there update delays or limitations?
A: The Annual trend is published quarterly with a lag, and may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Annual (ULQBBV03TRA189N), retrieved from FRED.