Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Canada
Quarterly, Not Seasonally Adjusted
LRAC64TTCAQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.23
Year-over-Year Change
-0.21%
Date Range
1/1/1976 - 4/1/2025
Summary
This economic series measures the labor productivity of the nonfarm business sector in the United States on a quarterly basis without seasonal adjustments. It is a key indicator of economic efficiency and growth.
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 measure of economic output per hour worked. This unadjusted quarterly metric provides insights into changes in the productive capacity of the U.S. economy, which is crucial for understanding inflationary pressures and policymaking.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked.
Historical Context
Policymakers and analysts use this productivity trend to assess the overall health and trajectory of the U.S. economy.
Key Facts
- Labor productivity grew by 1.8% in Q1 2023.
- The U.S. has experienced a productivity slowdown since the 2000s.
- Productivity gains are a key driver of rising living standards.
FAQs
Q: What does this economic trend measure?
A: This series measures the labor productivity of the nonfarm business sector in the United States on a quarterly basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a crucial indicator of economic efficiency and growth, providing insights into the productive capacity of the U.S. economy.
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 and analysts use this productivity trend to assess the overall health and trajectory of the U.S. economy, which is crucial for understanding inflationary pressures and making policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, with a typical delay of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC64TTCAQ156N), retrieved from FRED.