Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Japan
Monthly, Seasonally Adjusted
LRAC24TTJPM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.29
Year-over-Year Change
1.05%
Date Range
1/1/1970 - 6/1/2025
Summary
This economic trend measures the U.S. manufacturing labor productivity, providing insights into industrial efficiency and 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 manufacturing labor productivity index tracks changes in the inflation-adjusted output per hour worked in the U.S. manufacturing sector. It is a key metric for understanding productivity gains and the overall health of the manufacturing industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using production and employment figures.
Historical Context
Manufacturing productivity trends are closely monitored by policymakers and industry analysts to inform economic and trade policy decisions.
Key Facts
- U.S. manufacturing labor productivity has grown by over 250% since 1950.
- Improving productivity is crucial for maintaining global competitiveness.
- Productivity gains help offset the impact of rising labor costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the output per hour worked in the U.S. manufacturing sector, providing insights into industrial efficiency and productivity gains.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a key indicator of industrial competitiveness and a driver of economic growth. This metric is closely monitored by policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using production and employment figures from the manufacturing sector.
Q: How is this trend used in economic policy?
A: Productivity trends in manufacturing are used to inform economic and trade policy decisions, as they reflect the industry's overall health and global competitiveness.
Q: Are there update delays or limitations?
A: The manufacturing labor productivity data is released on a monthly basis with a typical 1-2 month lag, providing timely insights into industrial efficiency.
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Citation
U.S. Federal Reserve, Manufacturing Labor Productivity (LRAC24TTJPM156S), retrieved from FRED.