Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 64 Years for Finland
Annual, Seasonally Adjusted
LRAC64MAFIA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.35
Year-over-Year Change
5.07%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted labor productivity in the manufacturing sector. Labor productivity is a key indicator of economic efficiency 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
The Annual, Seasonally Adjusted labor productivity series tracks changes in the ratio of real output to hours worked in the U.S. manufacturing industry. It is a valuable metric for assessing the underlying strength and efficiency of the manufacturing sector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and labor input statistics.
Historical Context
Policymakers and analysts closely monitor labor productivity to gauge the health of the manufacturing industry and the broader economy.
Key Facts
- Productivity growth is crucial for improving living standards.
- Manufacturing accounts for about 11% of U.S. GDP.
- Labor productivity has risen by over 150% since the 1970s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted labor productivity in the U.S. manufacturing sector, which is the ratio of real output to hours worked.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing labor productivity is a key indicator of economic efficiency and competitiveness, making it important for policymakers, businesses, and economists to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and labor input statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor manufacturing labor productivity to gauge the health of the manufacturing industry and the broader economy, as it informs decisions around economic policy and investments.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC64MAFIA156S), retrieved from FRED.