Annual, Not Seasonally Adjusted
LRAC24TTO1A156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.80
Year-over-Year Change
-4.49%
Date Range
1/1/2005 - 1/1/2016
Summary
This economic trend measures annual, not seasonally adjusted labor productivity in the total economy. It provides insights into long-term productivity growth, a key driver of economic prosperity.
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 is a measure of economic output per hour worked. Analyzing productivity trends helps economists and policymakers understand the capacity for sustainable economic growth and improved living standards.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using data on real GDP and total hours worked.
Historical Context
Productivity data informs economic policy decisions and is closely watched by investors and analysts.
Key Facts
- Labor productivity has increased by over 100% since the 1970s.
- Sustained productivity growth is a prerequisite for rising living standards.
- Productivity data is a leading indicator of broader economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, not seasonally adjusted labor productivity in the total U.S. economy. It shows economic output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of economic prosperity, so this data is closely watched by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using information on real GDP and total hours worked.
Q: How is this trend used in economic policy?
A: Productivity data informs economic policy decisions and is monitored by institutions to assess the capacity for sustainable growth.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the latest data, and the figures are subject to periodic revisions by the statistical agency.
Related Trends
Balance of Payments: Services: Balance (Revenue Minus Expenditure) for OECD
OECDB6BLSE01CXCUQ
Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for OECD
OECDLFAC55MASTQ
Infra-Annual Labor Statistics: Monthly Unemployment Male: 15 Years or over for OECD
OECDLFHUTTMASTSAM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for OECD
OECDLFIN55TTSTQ
Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for OECD
OECDLFACTTTTSTSAQ
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total
OECDCPGRLE01GPM
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC24TTO1A156N), retrieved from FRED.