Infra-Annual Labor Statistics: Monthly Unemployment Male: 15 Years or over for Austria
Annual, Seasonally Adjusted
LFHUTTMAATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138,500.00
Year-over-Year Change
12.98%
Date Range
1/1/1993 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted total factor productivity in the U.S. manufacturing sector. It is a key indicator of long-term 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
Total factor productivity (TFP) is a measure of the efficiency with which labor and capital inputs are used in the production process. TFP growth is a crucial driver of economic expansion and living standard improvements over time.
Methodology
The data is calculated by the U.S. Federal Reserve using a production function approach.
Historical Context
Policymakers and analysts monitor TFP trends to assess the economy's productive capacity and prospects for future growth.
Key Facts
- TFP grew by 1.9% in 2021.
- Manufacturing TFP has risen by 40% since 2000.
- Improving TFP is crucial for raising living standards.
FAQs
Q: What does this economic trend measure?
A: This series measures total factor productivity in the U.S. manufacturing sector on an annual, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of long-term economic growth, as it reflects improvements in production efficiency and technological progress.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using a production function approach.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor TFP trends to assess the economy's productive capacity and prospects for future growth.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHUTTMAATA647S), retrieved from FRED.