Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Switzerland
Quarterly
LFEAMNTTCHQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
562,100.00
Year-over-Year Change
1.70%
Date Range
4/1/1998 - 1/1/2025
Summary
The Quarterly Nonfarm Business Sector: Real Output per Hour of All Persons trend measures labor productivity in the U.S. nonfarm business sector, an important 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
This quarterly series provides a measure of the real output produced per hour of labor input in the nonfarm business sector of the U.S. economy. It is a key metric used by economists and policymakers to assess changes in national productivity over time.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a formula that divides real output by total hours worked.
Historical Context
Productivity growth is a central driver of rising living standards and is closely monitored by the Federal Reserve and other economic institutions.
Key Facts
- The U.S. nonfarm business sector accounts for about 75% of total gross domestic product.
- Productivity growth averaged 1.4% annually from 2010-2019 before declining during the COVID-19 pandemic.
- Improving productivity is a key policy goal to drive sustainable economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output produced per hour of labor input in the U.S. nonfarm business sector, a key indicator of national productivity.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a central driver of rising living standards, so this metric is closely monitored by 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 a formula that divides real output by total hours worked.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions use this productivity metric to assess the economy's efficiency and potential for sustainable growth.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Nonfarm Business Sector: Real Output per Hour of All Persons (LFEAMNTTCHQ647N), retrieved from FRED.