Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for France
Quarterly
FRACP110000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
-4.74%
Date Range
1/1/1991 - 1/1/2025
Summary
The Quarterly Nonfarm Business Sector: Real Output per Hour (FRACP110000GYQ) measures labor productivity, 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
This series tracks changes in the real output per hour of all persons in the nonfarm business sector, which accounts for about 75% of the total U.S. economy. It is a widely followed metric for assessing the efficiency and potential of the U.S. workforce.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using established productivity measurement techniques.
Historical Context
Quarterly productivity trends are closely monitored by policymakers, economists, and investors to gauge the overall health of the U.S. economy.
Key Facts
- Productivity growth is a key driver of rising living standards.
- The U.S. has experienced a slowdown in productivity growth since the early 2000s.
- Quarterly productivity data is an important input for monetary and fiscal policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Nonfarm Business Sector: Real Output per Hour measures the real output (adjusted for inflation) produced per hour of labor input in the nonfarm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial determinant of economic expansion, rising living standards, and global competitiveness. This metric provides timely insights into the efficiency and potential of the U.S. workforce.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using established productivity measurement techniques that account for changes in real output and labor hours.
Q: How is this trend used in economic policy?
A: Quarterly productivity trends are closely monitored by policymakers, economists, and investors to gauge the overall health of the U.S. economy and inform decisions on monetary, fiscal, and workforce development policies.
Q: Are there update delays or limitations?
A: The Quarterly Nonfarm Business Sector: Real Output per Hour data is published by the U.S. Bureau of Labor Statistics with a lag of approximately two months following the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Nonfarm Business Sector: Real Output per Hour (FRACP110000GYQ), retrieved from FRED.