New Private Housing Units Authorized by Building Permits for Louisiana
Seasonally Adjusted
LABPPRIVSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,063.38
Year-over-Year Change
-2.44%
Date Range
1/1/1988 - 6/1/2025
Summary
The Seasonally Adjusted Private Sector Labor Productivity trend measures the change in output per hour worked in the private sector of the U.S. economy. It is a key indicator of economic efficiency 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
Private sector labor productivity is a measure of the output (goods and services) produced per hour of labor input. Tracking changes in this metric can provide insights into a country's economic growth potential and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Historical Context
Policymakers and economists closely monitor labor productivity to assess the overall health of the economy and make informed decisions.
Key Facts
- The U.S. private sector has experienced steady productivity growth over the past decade.
- Improved labor productivity is linked to higher living standards and international competitiveness.
- Declining productivity can signal underlying economic challenges that require policy attention.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Private Sector Labor Productivity trend measures the change in output per hour worked in the private sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic efficiency and competitiveness, providing insights into a country's growth potential.
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 and households.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor productivity to assess the overall health of the economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Private Sector Labor Productivity (LABPPRIVSA), retrieved from FRED.