Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Denmark
Annual, Seasonally Adjusted
LRAC24TTDKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.10
Year-over-Year Change
13.28%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the annual percent change in labor productivity for the non-farm business sector. This metric is a key indicator of economic efficiency and can inform policymakers and analysts on the overall health of the U.S. economy.
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
Labor productivity, defined as output per hour worked, is a fundamental measure of economic performance. The Annual, Seasonally Adjusted trend tracks the year-over-year change in this metric, providing insights into workforce efficiency, technological innovation, and broader macroeconomic conditions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a range of establishment surveys and national accounts information.
Historical Context
Analysts and policymakers closely monitor labor productivity trends to assess the economy's capacity for sustainable growth and guide decisions on fiscal and monetary policy.
Key Facts
- Labor productivity grew 1.7% in 2022.
- Productivity gains can drive higher living standards.
- Weak productivity can signal economic challenges
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the year-over-year percent change in labor productivity, or output per hour worked, for the non-farm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a crucial indicator of economic efficiency and the potential for sustainable growth. Monitoring this trend can help policymakers and analysts assess the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using a variety of establishment surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely track labor productivity trends to gauge the economy's capacity for growth, informing decisions on fiscal, monetary, and other economic policies.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted data is released quarterly by the Bureau of Labor Statistics, with a typical one-quarter lag in availability.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC24TTDKA156S), retrieved from FRED.