Annual, Not Seasonally Adjusted
LRAC25TTO1A156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.90
Year-over-Year Change
1.74%
Date Range
1/1/2005 - 1/1/2016
Summary
This economic trend measures real output per hour for the total economy, providing insight into U.S. labor productivity and economic 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
The Annual, Not Seasonally Adjusted labor productivity metric tracks changes in the efficiency of labor input, which is a key driver of economic expansion. It is widely used by economists and policymakers to assess the underlying strength 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
Labor productivity trends are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- U.S. labor productivity rose by 1.7% in 2021.
- Productivity growth averaged 1.5% annually from 2011-2021.
- Improving labor productivity is crucial for raising living standards over time.
FAQs
Q: What does this economic trend measure?
A: This metric tracks changes in real output per hour for the total U.S. economy, providing insight into labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key driver of long-term economic growth and living standards, so this trend is closely monitored by economists and policymakers.
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 are closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, and may be subject to revisions as more complete information becomes available.
Related Trends
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OECDLFWA25MASTSAQ
Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for OECD
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for OECD
OECDLRHUADFESTSAM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for OECD
OECDLFINTTMASTSAQ
Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for OECD
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Balance of Payments: Secondary Income: Expenditure for OECD
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC25TTO1A156N), retrieved from FRED.