Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 25 to 54 Years for Portugal
Annual, Seasonally Adjusted
LRAC25MAPTA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.03
Year-over-Year Change
3.30%
Date Range
1/1/1998 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the U.S. labor productivity growth rate for the manufacturing sector. This key metric provides insights into the efficiency and competitiveness of American manufacturing.
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 fundamental indicator of economic performance, reflecting how much output is produced per hour of labor input. The Annual, Seasonally Adjusted trend offers a comprehensive view of productivity trends in the manufacturing industry, a crucial driver of U.S. economic growth.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Historical Context
Policymakers and analysts closely monitor labor productivity to assess the health of the manufacturing sector and the broader economy.
Key Facts
- U.S. manufacturing labor productivity grew by 1.7% in 2021.
- Productivity gains are crucial for maintaining a competitive manufacturing sector.
- Seasonal adjustments help account for regular fluctuations in manufacturing output.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the year-over-year growth rate of labor productivity in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a key indicator of economic competitiveness and the sector's contribution to overall growth. Monitoring this trend helps policymakers and businesses assess the health and potential of U.S. manufacturing.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of manufacturing establishments, calculating labor productivity as the ratio of output to labor input.
Q: How is this trend used in economic policy?
A: Policymakers and economists use manufacturing productivity trends to evaluate the effectiveness of policies aimed at boosting the competitiveness and innovation of the U.S. manufacturing sector.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months. The seasonally adjusted figures help account for regular fluctuations, but may not fully capture unexpected disruptions to manufacturing output.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC25MAPTA156S), retrieved from FRED.