Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 24 Years for Denmark
Annual, Seasonally Adjusted
LRAC24FEDKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.55
Year-over-Year Change
14.11%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures labor productivity for the U.S. manufacturing sector. It is a key economic indicator used by policymakers and analysts to assess the efficiency and competitiveness of American manufacturing.
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 changes in the ratio of real output to hours worked in the manufacturing industry. It provides insights into how technological advancements and process improvements impact the productivity of American factories and workers.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and labor input statistics.
Historical Context
Manufacturing productivity trends are closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- Annual growth in U.S. manufacturing productivity averaged 1.3% from 2010-2020.
- Productivity rose 1.8% in 2021 as factories adapted to pandemic conditions.
- Manufacturing accounts for about 11% of total U.S. economic output.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted metric tracks changes in manufacturing labor productivity, which is the ratio of real output to hours worked in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a key indicator of industry competitiveness and efficiency, providing insights that inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and labor input statistics.
Q: How is this trend used in economic policy?
A: Manufacturing productivity trends are closely monitored by the Federal Reserve and other institutions to help guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC24FEDKA156S), retrieved from FRED.