Quarterly, Not Seasonally Adjusted
BPCRIN01FRQ636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,069,000,000.00
Year-over-Year Change
-20.03%
Date Range
1/1/1995 - 1/1/2014
Summary
This trend measures quarterly, not seasonally adjusted business productivity in the U.S. It 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
Business productivity, also known as labor productivity, tracks the output per hour worked by U.S. businesses. It is used by economists and policymakers to assess the efficiency and competitiveness of the American economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses.
Historical Context
Productivity growth is closely monitored for its impact on inflation, wages, and overall economic performance.
Key Facts
- Productivity grew 1.3% in Q4 2022 compared to the previous quarter.
- Low productivity growth can constrain wage increases and economic expansion.
- Productivity is a key driver of long-term improvements in living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly, not seasonally adjusted business productivity in the U.S., which tracks the output per hour worked by American businesses.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a critical indicator of economic competitiveness and living standards, with implications for inflation, wages, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses.
Q: How is this trend used in economic policy?
A: Productivity growth is closely monitored by economists and policymakers for its impact on inflation, wages, and overall economic performance.
Q: Are there update delays or limitations?
A: The 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, Quarterly, Not Seasonally Adjusted (BPCRIN01FRQ636N), retrieved from FRED.