Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Japan
Growth rate previous period, Monthly, Not Seasonally Adjusted
LFACTTTTJPM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-104.54%
Date Range
1/1/1960 - 11/1/2023
Summary
This economic trend measures the month-over-month growth rate in total factor productivity, a key measure of economic efficiency and technological progress.
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
Total factor productivity (TFP) captures the combined efficiency of labor and capital in producing economic output. Tracking the TFP growth rate provides insights into the pace of technological change and potential long-term GDP growth.
Methodology
The TFP growth rate is calculated from data on output, employment, and capital stock collected by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor TFP growth to assess the economy's productive capacity and prospects for future prosperity.
Key Facts
- TFP growth slowed from over 1% in the 1990s to around 0.5% in the 2000s.
- Improving TFP is crucial for raising living standards over the long term.
- TFP growth is a key driver of potential GDP and economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month growth rate in total factor productivity (TFP), which captures the combined efficiency of labor and capital in producing economic output.
Q: Why is this trend relevant for users or analysts?
A: Tracking TFP growth provides important insights into the pace of technological change and the economy's potential for long-term GDP growth.
Q: How is this data collected or calculated?
A: The TFP growth rate is calculated by the U.S. Bureau of Labor Statistics from data on output, employment, and capital stock.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor TFP growth to assess the economy's productive capacity and prospects for future prosperity.
Q: Are there update delays or limitations?
A: The TFP growth rate data is released monthly by the U.S. Federal Reserve, with some delay relative to the reference period.
Related Trends
Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for Japan
IR3TCD01JPM156N
Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for Japan
JPNB6CATT02NCCUQ
Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Japan
LREM25TTJPM156S
Work Started: Construction: Dwellings and Residential Buildings: Total for Japan
WSCNDW01JPQ489N
Infra-Annual Labor Statistics: Employment Male: From 15 to 64 Years for Japan
LFEM64MAJPM647S
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Japan
PRINTO01JPA661N
Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Not Seasonally Adjusted (LFACTTTTJPM657N), retrieved from FRED.