Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Sweden
Annual, Seasonally Adjusted
LRAC24MASEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.73
Year-over-Year Change
9.51%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the labor productivity trend for the manufacturing sector in the United States. This metric is crucial for economists and policymakers to understand productivity growth and its implications for economic 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
The Annual, Seasonally Adjusted series tracks the ratio of real output to the number of hours worked in the manufacturing industry. It provides insights into the efficiency and technological progress of the U.S. manufacturing sector, which is a key driver of economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This productivity trend is widely used by economic analysts, policymakers, and businesses to assess the health and competitiveness of the U.S. manufacturing industry.
Key Facts
- The U.S. manufacturing sector accounts for about 11% of GDP.
- Productivity growth in manufacturing is a key driver of overall economic growth.
- Sustained productivity gains are essential for maintaining the competitiveness of U.S. manufacturers.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the labor productivity trend for the manufacturing sector in the United States. It tracks the ratio of real output to the number of hours worked.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is crucial for understanding the efficiency and technological progress of the U.S. manufacturing industry, which is a key driver of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This productivity trend is widely used by economic analysts, policymakers, and businesses to assess the health and competitiveness of the U.S. manufacturing industry, which is essential for informing economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is released with a short delay, but it provides a reliable and comprehensive measure of manufacturing productivity in the United States.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC24MASEA156S), retrieved from FRED.