Activity Rate: Aged 15-24: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LRAC24TTEUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.70
Year-over-Year Change
0.72%
Date Range
4/1/2000 - 10/1/2019
Summary
This U.S. economic trend measures the labor productivity of the total economy on a quarterly, not seasonally adjusted basis. It provides insights into the efficiency and output of the overall labor force.
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 labor productivity trend tracks the ratio of real output to the number of hours worked in the U.S. economy. It is a key indicator of economic performance and can inform decisions around labor, investment, and productivity policy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Historical Context
Policymakers and economists closely monitor labor productivity to gauge the health and potential growth of the broader economy.
Key Facts
- Productivity grew 1.4% in Q4 2022 compared to the previous quarter.
- The U.S. has seen steady productivity gains over the past decade.
- Productivity is a key driver of long-term economic growth and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor productivity of the total U.S. economy on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a crucial indicator of economic performance and can inform decisions around labor, investment, and productivity policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor productivity to gauge the health and potential growth of the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short lag, providing timely insights into labor productivity trends.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC24TTEUQ156N), retrieved from FRED.