Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 74 Years for Ireland
Annual, Seasonally Adjusted
LRAC74FEIEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.85
Year-over-Year Change
13.02%
Date Range
1/1/2000 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures total labor productivity in the U.S. manufacturing sector. This metric is a key indicator of economic efficiency and competitiveness.
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. The Annual, Seasonally Adjusted trend tracks year-over-year changes in this important manufacturing statistic, which is closely monitored by economists and policymakers.
Methodology
The data is collected through surveys of manufacturing firms and calculated as the ratio of real output to total hours worked.
Historical Context
Manufacturing productivity growth is a crucial driver of national economic competitiveness and living standards.
Key Facts
- U.S. manufacturing labor productivity has increased by over 2% annually on average since 1950.
- Productivity growth is a key driver of higher real wages and living standards.
- Manufacturing accounts for about 11% of U.S. GDP and 8% of employment.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures total labor productivity in the U.S. manufacturing sector, calculated as the ratio of real output to total hours worked.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity growth is a crucial driver of national economic competitiveness and living standards, making this metric closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and calculated as the ratio of real output to total hours worked.
Q: How is this trend used in economic policy?
A: Policymakers monitor manufacturing productivity to assess the overall health and competitiveness of the U.S. economy, and to inform decisions on trade, investment, and workforce development policies.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted data is published with a lag of several months, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRAC74FEIEA156S), retrieved from FRED.