Activity Rate: Aged 25-54: All Persons for the European Union
Annual, Not Seasonally Adjusted
LRAC25TTEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.10
Year-over-Year Change
2.23%
Date Range
1/1/2005 - 1/1/2019
Summary
This economic trend measures the annual, not seasonally adjusted labor productivity in the United States. It 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 is a measure of economic output per hour worked. Tracking this metric helps policymakers and analysts assess the efficiency and health of the U.S. labor market.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Historical Context
Changes in labor productivity can inform monetary and fiscal policy decisions.
Key Facts
- Labor productivity grew 1.8% in 2021.
- The U.S. has seen steady productivity gains over the past decade.
- Increasing productivity is crucial for improving living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, not seasonally adjusted labor productivity in the United States. It reflects the economic output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic efficiency and competitiveness. Tracking this metric helps policymakers and economists assess the health of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Changes in labor productivity can inform monetary and fiscal policy decisions, as it reflects the overall efficiency and growth potential of the economy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule with minimal delays, providing timely information for policymakers and analysts.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC25TTEUA156N), retrieved from FRED.