Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 64 Years for Sweden
Annual, Seasonally Adjusted
LRAC64FESEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.35
Year-over-Year Change
6.16%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the annual change in labor productivity for the U.S. nonfarm business sector. It is a key indicator of economic growth and efficiency.
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 tracks the output per hour worked, reflecting technological advances, capital investment, and workforce skills. This metric is closely watched by policymakers and economists to assess the long-term growth potential of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked.
Historical Context
Productivity gains are closely linked to rising living standards and the ability of the economy to sustain higher wages over time.
Key Facts
- Labor productivity in the U.S. nonfarm business sector grew by 1.8% in 2022.
- Productivity growth averaged 1.5% annually from 2010-2019.
- Improving productivity is a key goal for policymakers to raise living standards.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the annual percent change in labor productivity for the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial driver of economic expansion and rising living standards over the long run.
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 real output and hours worked.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor productivity trends to assess the economy's long-term growth potential and ability to sustain higher wages.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag time, providing timely insights into productivity dynamics.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC64FESEA156S), retrieved from FRED.