Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Austria
Quarterly, Seasonally Adjusted
LRAC74TTATQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.98
Year-over-Year Change
0.48%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the output per hour of all persons in the non-farm business sector, providing insight into U.S. labor productivity and economic 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
The Quarterly, Seasonally Adjusted labor productivity series tracks changes in the efficiency of U.S. workers, a key indicator of an economy's capacity for expansion and improved living standards.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using surveys of businesses and households.
Historical Context
Labor productivity is closely monitored by policymakers, businesses, and analysts to assess economic performance and guide decisions.
Key Facts
- The U.S. has experienced periods of rapid and sluggish productivity growth.
- Increased productivity enables higher wages and living standards.
- Productivity trends influence Federal Reserve monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in output per hour worked in the non-farm business sector, providing insight into U.S. labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic growth potential and can inform business, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Productivity trends are closely monitored by policymakers, as they influence decisions on interest rates, inflation targets, and other economic policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC74TTATQ156S), retrieved from FRED.