Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for United States
Monthly, Not Seasonally Adjusted
LRAC55TTUSM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.30
Year-over-Year Change
2.00%
Date Range
1/1/1955 - 7/1/2025
Summary
This economic trend measures the productivity of labor in the U.S. non-farm business sector on a monthly basis without seasonal adjustments. Productivity growth is a key indicator of economic performance 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 hour worked. It reflects how efficiently labor is being utilized in the production process. Tracking this metric helps economists and policymakers assess the underlying health and potential of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and labor input.
Historical Context
Productivity trends are closely watched by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. non-farm business sector accounts for about 77% of GDP.
- Productivity growth averaged 1.9% annually from 2010-2019.
- Productivity declined during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the productivity of labor in the U.S. non-farm business sector on a monthly basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key indicator of economic performance and competitiveness, helping economists and policymakers assess the underlying health and potential of the U.S. economy.
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 output and labor input.
Q: How is this trend used in economic policy?
A: Productivity trends are closely watched by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short lag, but may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LRAC55TTUSM156N), retrieved from FRED.