Annual, Not Seasonally Adjusted
LRAC24TTO1A156S • 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 series measures the annual, not seasonally adjusted labor productivity in the total economy of the United States. Labor productivity is a key indicator of economic growth 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
Labor productivity tracks the output produced per hour of labor input. It is a crucial metric for assessing the efficiency and competitiveness of the U.S. economy, and a key input for policymakers and economists analyzing economic performance.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Historical Context
Policymakers and analysts monitor labor productivity trends to gauge the economy's underlying capacity for growth.
Key Facts
- Labor productivity has risen by over 65% since 1980.
- Productivity growth is a key driver of rising living standards.
- The U.S. ranks among the most productive major economies worldwide.
FAQs
Q: What does this economic trend measure?
A: This series measures annual, not seasonally adjusted labor productivity in the total U.S. economy, which reflects the output per hour of labor input.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a critical indicator of economic efficiency, competitiveness, and growth potential, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor labor productivity trends to assess the economy's underlying capacity for growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC24TTO1A156S), retrieved from FRED.