Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Finland
Annual, Seasonally Adjusted
LRAC24TTFIA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.28
Year-over-Year Change
4.31%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the total real farm output per hour worked in the United States. This metric is a key indicator of agricultural productivity and efficiency that informs economic policy and industry analysis.
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 series tracks the annual change in real farm output per hour, adjusted for seasonal variations. It provides insights into the long-term productivity of the U.S. agricultural sector, which is a critical component of the nation's economic health and food security.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using surveys and economic modeling.
Historical Context
Policymakers and economists closely monitor this trend to assess the competitiveness and sustainability of the U.S. agricultural industry.
Key Facts
- The U.S. agricultural sector accounts for over $1 trillion in annual economic output.
- Productivity growth in agriculture has outpaced the overall U.S. economy in recent decades.
- Improving farm output per hour is crucial for maintaining global competitiveness in food production.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total real farm output per hour worked in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into the long-term productivity and efficiency of the U.S. agricultural sector, which is vital for economic policy and industry analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the competitiveness and sustainability of the U.S. agricultural industry.
Q: Are there update delays or limitations?
A: The data is published annually by the Bureau of Labor Statistics with a short delay, providing a comprehensive view of agricultural productivity.
Related Trends
Stock Market Turnover Ratio (Value Traded/Capitalization) for Finland
DDEM01FIA156NWDB
Business Tendency Surveys: Business Situation: Economic Activity: Construction: Tendency for Finland
FINBCBUTE02STSAM
Outstanding Domestic Public Debt Securities to GDP for Finland
DDDM04FIA156NWDB
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Finland
LFEM55TTFIQ647S
Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Finland
CP0610FIM086NEST
Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Finland
FINCP030000GPM
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC24TTFIA156S), retrieved from FRED.