Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 64 Years for Austria
Annual, Not Seasonally Adjusted
LRAC64FEATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.23
Year-over-Year Change
5.77%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the annual labor productivity for the Manufacturing sector in the United States, reported on a not seasonally adjusted basis. It is an important economic indicator used to assess the overall efficiency and competitiveness of the manufacturing industry.
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, providing insights into the productivity and efficiency of the manufacturing sector. This not seasonally adjusted metric is widely used by economists and policymakers to evaluate long-term trends and make informed decisions about economic policy and industrial development.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Historical Context
This productivity trend is closely monitored by economists, policymakers, and market analysts to gauge the health and competitiveness of the U.S. manufacturing sector.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- U.S. manufacturing productivity has increased by over 150% since 1987.
- Productivity growth is a key driver of long-term economic prosperity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual labor productivity for the U.S. manufacturing sector, reported on a not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is widely used by economists and policymakers to evaluate the long-term efficiency and competitiveness of the U.S. manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Q: How is this trend used in economic policy?
A: This productivity trend is closely monitored by economists, policymakers, and market analysts to gauge the health and competitiveness of the U.S. manufacturing sector, informing economic and industrial policies.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, with a delay of several months, and may not capture short-term fluctuations in manufacturing productivity.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64FEATA156N), retrieved from FRED.