Activity Rate: Aged 15-64: Females for the European Union
Annual, Not Seasonally Adjusted
LRAC64FEEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.63
Year-over-Year Change
8.76%
Date Range
1/1/2005 - 1/1/2019
Summary
This economic trend measures annual, not seasonally adjusted labor productivity in the U.S. nonfarm business sector. It is a key indicator of long-term 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
Labor productivity is a measure of economic output per hour worked. This metric is used by policymakers and economists to assess the efficiency and competitiveness of the U.S. labor market and economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and other government sources.
Historical Context
Productivity trends are closely monitored by the Federal Reserve and other agencies to inform economic and monetary policy decisions.
Key Facts
- Labor productivity increased 1.5% in 2021.
- The U.S. has seen steady gains in productivity since the 1940s.
- Productivity growth is a key driver of rising living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, not seasonally adjusted labor productivity in the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity is a crucial indicator of long-term economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and other government sources.
Q: How is this trend used in economic policy?
A: Productivity trends are closely monitored by the Federal Reserve and other agencies to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be delays in the most recent information.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64FEEUA156N), retrieved from FRED.