Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Denmark
Annual, Not Seasonally Adjusted
LRAC25TTDKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.10
Year-over-Year Change
0.92%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor productivity in the manufacturing sector. It is a key indicator of economic efficiency and a driver of long-term growth.
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 measures the output per hour worked in the manufacturing industry. Tracking this metric helps policymakers and analysts assess the competitiveness and health of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
Productivity growth is crucial for maintaining a globally competitive manufacturing sector and raising living standards.
Key Facts
- Productivity grew by 2.5% in 2021.
- Manufacturing accounts for 11% of U.S. GDP.
- The U.S. ranked 6th globally in manufacturing productivity in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor productivity in the U.S. manufacturing sector, which is output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Monitoring manufacturing productivity is crucial for assessing the competitiveness and growth potential of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the health and competitiveness of the U.S. manufacturing sector and inform policy decisions.
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 (LRAC25TTDKA156N), retrieved from FRED.