Quarterly, Not Seasonally Adjusted
LRAC25MAO1Q156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.50
Year-over-Year Change
0.22%
Date Range
1/1/2005 - 4/1/2017
Summary
The 'Quarterly, Not Seasonally Adjusted' metric measures labor productivity growth in the non-farm business sector. It is a key indicator of economic 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
This economic indicator tracks changes in the relationship between the output of goods and services and the labor hours used in their production. It provides insight into the efficiency and competitiveness of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using information on industry outputs and labor inputs.
Historical Context
Policymakers and economists monitor labor productivity to assess the long-term health and growth potential of the U.S. economy.
Key Facts
- Productivity grew 1.7% in Q4 2022.
- Productivity has increased 0.9% over the past year.
- The measure compares real output to hours worked.
FAQs
Q: What does this economic trend measure?
A: This metric measures changes in labor productivity, which is the ratio of real output to hours worked in the non-farm business sector.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic efficiency and competitiveness. Monitoring this metric helps policymakers and economists assess long-term growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using industry output and labor input information.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor productivity to gauge the health and growth potential of the U.S. economy.
Q: Are there update delays or limitations?
A: This data is published quarterly with a short delay, allowing for revisions as more information becomes available.
Related Trends
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC25MAO1Q156N), retrieved from FRED.