Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Australia
Quarterly, Seasonally Adjusted
LRAC64TTAUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.72
Year-over-Year Change
0.98%
Date Range
4/1/1978 - 4/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures labor productivity, which is a key indicator of economic efficiency and growth. This data is closely tracked by economists and policymakers to assess the overall health of the U.S. economy.
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 measures the output per hour worked in the nonfarm business sector. It is a crucial metric for understanding trends in economic growth, as increases in productivity drive long-term improvements in living standards and national competitiveness.
Methodology
The data is collected through the Bureau of Labor Statistics' quarterly business surveys.
Historical Context
Productivity data informs economic policy decisions and is used by analysts to forecast economic performance.
Key Facts
- Productivity growth averaged 1.4% per year from 2011-2020.
- The U.S. ranked 9th globally in labor productivity as of 2020.
- Productivity gains are a key driver of rising living standards.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures labor productivity, or output per hour worked, in the nonfarm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Productivity data is a crucial indicator of economic efficiency and growth, and is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' quarterly business surveys.
Q: How is this trend used in economic policy?
A: Productivity data informs economic policy decisions and is used by analysts to forecast economic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC64TTAUQ156S), retrieved from FRED.