Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Slovak Republic
Quarterly
LRAC74MASKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.90
Year-over-Year Change
0.28%
Date Range
1/1/1999 - 1/1/2025
Summary
The Quarterly Labor Productivity for the Manufacturing sector in the U.S. measures the output per hour worked in the manufacturing industry. This data is essential for understanding economic productivity 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
The Quarterly Labor Productivity for the Manufacturing sector tracks the ratio of real output to hours worked in the U.S. manufacturing industry. It is a key indicator of economic efficiency and can provide insights into factors driving changes in manufacturing output.
Methodology
This data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
Policymakers and economists closely monitor manufacturing productivity to assess the sector's competitiveness and the overall health of the U.S. economy.
Key Facts
- The U.S. manufacturing sector accounts for approximately 11% of GDP.
- Manufacturing labor productivity has increased by over 50% since 2000.
- Improving manufacturing productivity is a key policy goal for many governments.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Labor Productivity for the Manufacturing sector measures the output per hour worked in the U.S. manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the efficiency and competitiveness of the U.S. manufacturing sector, which is a crucial driver of economic growth and employment.
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 manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor manufacturing productivity to assess the sector's competitiveness and the overall health of the U.S. economy, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly Labor Productivity for the Manufacturing sector data is typically released with a delay of several weeks after the end of the quarter.
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Citation
U.S. Federal Reserve, Quarterly Labor Productivity for the Manufacturing sector (LRAC74MASKQ156S), retrieved from FRED.