Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Portugal
Annual, Seasonally Adjusted
LRAC25TTPTA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.68
Year-over-Year Change
5.01%
Date Range
1/1/1998 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the average hourly labor productivity in the U.S. nonfarm business sector. This metric is crucial for understanding 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
This labor productivity metric tracks the real output per hour worked in the nonfarm business sector, a key indicator of a country's economic efficiency and competitiveness. Economists and policymakers closely monitor labor productivity to assess the overall health of the economy.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses.
Historical Context
Productivity growth is a key driver of long-term economic prosperity and living standards, making this metric essential for economic policy and market analysis.
Key Facts
- Productivity growth averaged 1.7% annually from 2010-2020.
- Improved productivity can increase real wages and living standards.
- Productivity is a major determinant of a country's global competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the average hourly labor productivity in the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of long-term economic prosperity and living standards, making this metric essential for economic policy and market analysis.
Q: How is this data collected or calculated?
A: This data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor labor productivity to assess the overall health of the economy and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a relatively short delay, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC25TTPTA156S), retrieved from FRED.