Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 24 Years for Switzerland
Annual, Seasonally Adjusted
LRAC24FECHA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.60
Year-over-Year Change
-2.49%
Date Range
1/1/2005 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the annual rate of change in labor productivity, which is 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 metric tracks the inflation-adjusted output per hour worked by American workers, providing insight into the efficiency and technological progress of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using output and hours worked data.
Historical Context
Labor productivity figures are closely monitored by policymakers, investors, and economists to assess the overall health and trajectory of the economy.
Key Facts
- Labor productivity grew by 1.9% in 2021.
- Higher productivity enables higher living standards.
- Productivity growth has slowed in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual rate of change in labor productivity, which is the inflation-adjusted output per hour worked by American workers.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic growth and competitiveness, as it reflects the efficiency and technological progress of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using output and hours worked data.
Q: How is this trend used in economic policy?
A: Productivity figures are closely monitored by policymakers, investors, and economists to assess the overall health and trajectory of the economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly and annually by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC24FECHA156S), retrieved from FRED.