Activity Rate: Aged 55-64: All Persons for the European Union
Quarterly, Seasonally Adjusted
LRAC55TTEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.55
Year-over-Year Change
6.75%
Date Range
1/1/2005 - 10/1/2019
Summary
The Quarterly, Seasonally Adjusted series measures the labor productivity of the U.S. non-farm business sector. This provides valuable insights into economic growth and the health of the overall 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 is a key economic indicator that measures the output per hour worked. Tracking changes in productivity helps economists and policymakers assess the efficiency and competitiveness of the U.S. workforce.
Methodology
The data is collected through surveys and calculated as the ratio of real output to hours worked.
Historical Context
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 grew by 1.9% in Q4 2022.
- Productivity increased in 12 of the last 20 quarters.
- Higher productivity can lead to higher wages and living standards.
FAQs
Q: What does this economic trend measure?
A: This series measures the labor productivity of the U.S. non-farm business sector, which is the ratio of real output to hours worked.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of economic expansion and living standards. Monitoring productivity trends helps policymakers and businesses make more informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and calculated as the ratio of real output to 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 help inform monetary and fiscal policy decisions that can impact employment, inflation, and economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC55TTEUQ156S), retrieved from FRED.