Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 55 to 64 Years for Turkiye
Quarterly, Seasonally Adjusted
LRAC55MATRQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.32
Year-over-Year Change
5.71%
Date Range
1/1/2006 - 1/1/2025
Summary
This quarterly, seasonally adjusted labor productivity measure tracks changes in output per hour worked in the U.S. manufacturing sector. It is a key indicator of economic efficiency 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
Labor productivity is a measure of economic output per unit of labor input. The manufacturing labor productivity series provides insights into the productivity and efficiency of the U.S. manufacturing industry, which is a critical component of the broader economy.
Methodology
The data is collected through surveys of businesses and calculated as the ratio of real output to hours worked.
Historical Context
Manufacturing productivity trends are closely monitored by policymakers, economists, and market analysts to assess the health and competitiveness of the U.S. industrial base.
Key Facts
- Productivity grew 1.9% in Q4 2022 compared to the previous quarter.
- U.S. manufacturing productivity has increased by an average of 2.2% annually since 2010.
- High productivity growth is associated with rising living standards and global competitiveness.
FAQs
Q: What does this economic trend measure?
A: This metric measures changes in the productivity of U.S. manufacturing workers, calculated as the ratio of real output to hours worked.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a key indicator of economic efficiency and global competitiveness. Trends in this data are closely watched by policymakers, economists, and market participants.
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: Manufacturing productivity data informs decisions around trade, investment, and policies aimed at boosting the competitiveness of the U.S. industrial base.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately 2 months after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC55MATRQ156S), retrieved from FRED.