Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Australia
Not Seasonally Adjusted
LRAC64TTAUM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.09
Year-over-Year Change
0.58%
Date Range
2/1/1978 - 5/1/2025
Summary
The 'Not Seasonally Adjusted' trend represents labor productivity in the manufacturing sector of the U.S. economy, which is a key indicator of 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
This metric tracks the output per hour worked in the manufacturing industry, without adjustments for seasonal variations. It provides insight into the efficiency and technological progress of the U.S. manufacturing base.
Methodology
The data is collected through surveys of businesses and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the health and competitiveness of the U.S. manufacturing sector.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- Productivity growth is crucial for maintaining global competitiveness.
- The U.S. manufacturing sector has seen steady productivity gains in recent decades.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' trend measures labor productivity in the U.S. manufacturing sector, tracking output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the efficiency and technological progress of the U.S. manufacturing base, which is crucial for economic growth and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health and competitiveness of the U.S. manufacturing sector, which informs economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (LRAC64TTAUM156N), retrieved from FRED.