Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Canada
Annual, Not Seasonally Adjusted
LRAC64TTCAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.82
Year-over-Year Change
2.29%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures labor productivity, or output per hour, for the total economy in the United States. This metric is a key indicator of economic efficiency and growth potential.
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 is a crucial measure of an economy's ability to generate output from its workforce. Analyzing productivity trends helps policymakers and analysts understand labor market dynamics, inflationary pressures, and opportunities for long-term economic expansion.
Methodology
This series is calculated by the U.S. Bureau of Labor Statistics using data on real output and hours worked.
Historical Context
Productivity data informs Federal Reserve decisions on monetary policy and is closely watched by economists and investors.
Key Facts
- Productivity grew 1.8% in 2021 compared to 2020.
- The U.S. has seen a long-term trend of slowing productivity growth since the 1970s.
- Increasing productivity is critical for raising living standards over time.
FAQs
Q: What does this economic trend measure?
A: This metric measures the output produced per hour of labor input for the total U.S. economy, providing a gauge of the economy's productive efficiency.
Q: Why is this trend relevant for users or analysts?
A: Productivity data is a key indicator of an economy's growth potential and is closely watched by policymakers, businesses, and investors to assess inflationary pressures and opportunities for expansion.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this series using data on real output and total hours worked in the economy.
Q: How is this trend used in economic policy?
A: Productivity growth is a key input for Federal Reserve monetary policy decisions, as it influences the economy's capacity for non-inflationary expansion.
Q: Are there update delays or limitations?
A: This series is updated quarterly by the Bureau of Labor Statistics, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64TTCAA156N), retrieved from FRED.