Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for United States
Annual, Not Seasonally Adjusted
LRAC64TTUSA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.92
Year-over-Year Change
2.49%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor productivity for the total economy in the United States. It 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
The annual, not seasonally adjusted labor productivity metric tracks the amount of real output produced per hour of labor input. It is a fundamental measure of an economy's productive capacity and is closely watched by policymakers and economists.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and establishments.
Historical Context
Labor productivity is a critical factor in understanding inflation, competitiveness, and economic policy decisions.
Key Facts
- Labor productivity has increased by over 70% since 1980.
- The U.S. ranks among the highest in the world for labor productivity.
- Improving labor productivity is a key goal for economic policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor productivity for the total U.S. economy, which is the amount of real output produced per hour of labor input.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a fundamental indicator of an economy's productive capacity and efficiency, making it highly relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: Trends in labor productivity are closely monitored by policymakers, as they provide insights into economic growth, inflation, and competitiveness, which inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC64TTUSA156N), retrieved from FRED.