Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Sweden
Annual, Not Seasonally Adjusted
LRAC64TTSEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.83
Year-over-Year Change
4.68%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted labor productivity index for the U.S. nonfarm business sector. It provides important insights into the long-term productivity growth of the American 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
The annual, not seasonally adjusted labor productivity index tracks changes in the output per hour worked in the U.S. nonfarm business sector. It is a key metric used by economists and policymakers to assess the efficiency and competitiveness of the broader economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Productivity and Costs survey.
Historical Context
Labor productivity trends inform economic policy decisions and market analysis.
Key Facts
- The U.S. nonfarm business sector accounts for about 75% of the total U.S. economy.
- Labor productivity growth has averaged around 1.5% annually over the past decade.
- Productivity is a key driver of long-term economic growth and rising living standards.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted labor productivity index measures the output per hour worked in the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a crucial indicator of economic efficiency and competitiveness, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Productivity and Costs survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists rely on labor productivity trends to assess the long-term growth potential of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64TTSEA156N), retrieved from FRED.