Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Finland
Annual, Seasonally Adjusted
LRAC25TTFIA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.35
Year-over-Year Change
1.22%
Date Range
1/1/1998 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures total factor productivity growth in the U.S. nonfarm business sector. It is a key indicator of long-term 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
Total factor productivity (TFP) growth reflects improvements in the efficiency of production processes, technological advancements, and other factors beyond just increases in labor and capital inputs. Analysts use this metric to understand sources of economic growth beyond simple factor accumulation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework.
Historical Context
TFP growth is closely watched by policymakers and economists as it indicates the economy's capacity for sustainable expansion.
Key Facts
- TFP grew by 1.3% in 2021.
- Productivity gains drive long-term living standard improvements.
- Declining TFP growth can signal economic challenges.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures growth in total factor productivity (TFP) for the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: TFP growth is a key indicator of long-term economic capacity and competitiveness, beyond just increases in labor and capital inputs.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor TFP growth as it signals the economy's capacity for sustainable expansion.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC25TTFIA156S), retrieved from FRED.