Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Luxembourg
Annual, Not Seasonally Adjusted
LRAC25TTLUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.90
Year-over-Year Change
3.30%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total labor productivity for the United States, a key indicator of economic growth and efficiency.
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 metric tracks the ratio of real output to hours worked, reflecting how much output is produced per unit of labor input. It is a crucial measure for economists and policymakers to assess the productivity and competitiveness of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and total hours worked.
Historical Context
Productivity trends influence decisions on interest rates, inflation, and policy interventions to boost economic performance.
Key Facts
- Productivity growth is a primary driver of long-term economic expansion.
- Rising productivity allows for higher wages without sparking inflation.
- The U.S. has experienced a slowdown in productivity growth since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures total labor productivity in the United States, which is the ratio of real economic output to the total number of hours worked.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of economic expansion and rising living standards. This metric is closely watched by economists, policymakers, and businesses to assess the efficiency and competitiveness of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and total hours worked.
Q: How is this trend used in economic policy?
A: Productivity trends influence decisions on interest rates, inflation, and policy interventions to boost economic performance. Stronger productivity growth allows for higher wages without sparking inflation.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months. There may be revisions to previous estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC25TTLUA156N), retrieved from FRED.