Quarterly
LRAC64FEO1Q156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.00
Year-over-Year Change
1.91%
Date Range
1/1/2005 - 4/1/2017
Summary
The 'Quarterly' series measures labor productivity on a quarterly basis for the U.S. manufacturing sector. This key economic indicator provides insight into the efficiency and competitiveness of American manufacturing.
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
The 'Quarterly' labor productivity series tracks the output per hour worked in the U.S. manufacturing industry. It is a critical measure of economic performance, as productivity growth is a key driver of rising living standards and national competitiveness.
Methodology
The data is collected through surveys of manufacturing establishments and calculated as a ratio of real output to total hours worked.
Historical Context
Policymakers and analysts closely monitor manufacturing productivity to assess the health of the U.S. economy and guide economic policy decisions.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- Productivity growth has averaged 1.7% annually since 1987.
- The U.S. is the world's second-largest manufacturer after China.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly' series measures labor productivity in the U.S. manufacturing sector on a quarterly basis, tracking output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a key indicator of economic competitiveness and a driver of rising living standards. This data is closely watched by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated as the ratio of real output to total hours worked.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of the U.S. economy and inform decisions on economic policy, trade, and competitiveness.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, providing timely insights into manufacturing productivity trends.
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Citation
U.S. Federal Reserve, Quarterly (LRAC64FEO1Q156N), retrieved from FRED.