Quarterly, Not Seasonally Adjusted
LRAC25TTO1Q156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.20
Year-over-Year Change
0.74%
Date Range
1/1/2005 - 4/1/2017
Summary
This economic trend measures labor productivity in the nonfarm business sector on a quarterly, not seasonally adjusted basis. It provides insight into the efficiency and competitiveness of the U.S. economy.
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, as measured by output per hour, is a key indicator of economic growth and competitiveness. This quarterly, not seasonally adjusted series allows for analysis of productivity trends without the effects of seasonal variation.
Methodology
The data is collected through surveys of businesses and calculated as the ratio of real output to hours worked.
Historical Context
Productivity growth is a crucial driver of long-term economic prosperity and is closely watched by policymakers.
Key Facts
- Productivity growth has averaged 1.7% annually since 1947.
- Higher productivity enables rising living standards and international competitiveness.
- The U.S. ranks 9th globally in labor productivity per hour worked.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the nonfarm business sector on a quarterly, not seasonally adjusted basis. It indicates the efficiency and output per hour worked in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of long-term economic prosperity and competitiveness. This quarterly, not seasonally adjusted data provides insights into underlying productivity trends without the effects of seasonal variation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated as the ratio of real output to hours worked.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor productivity growth, as it is a crucial determinant of economic growth, living standards, and international competitiveness.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC25TTO1Q156N), retrieved from FRED.