Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Japan
Annual, Not Seasonally Adjusted
LRAC74TTJPA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.15
Year-over-Year Change
12.06%
Date Range
1/1/1978 - 1/1/2024
Summary
This economic trend measures the annual not seasonally adjusted labor productivity for the total economy in Japan. It provides insights into the efficiency and growth of the Japanese 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 metric tracks the relationship between economic output and the labor input required to produce that output. It is a key indicator of an economy's efficiency and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real GDP and total hours worked.
Historical Context
Policymakers and economists use this metric to assess the overall health and competitiveness of the Japanese economy.
Key Facts
- Japan's labor productivity has grown by an average of 2.1% per year over the past decade.
- High labor productivity is associated with a higher standard of living and greater international competitiveness.
- Japan's labor productivity lags behind other major developed economies like the United States and Germany.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor productivity for the total economy in Japan. It captures the efficiency of production by relating economic output to labor input.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of an economy's efficiency and competitiveness. Tracking this metric helps policymakers and economists assess the overall health and growth potential of the Japanese economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real GDP and total hours worked in the Japanese economy.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this labor productivity metric to evaluate the performance and competitiveness of the Japanese economy, informing decisions on economic, trade, and workforce development policies.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the metric relies on input measures that take time to collect and process. Additionally, not seasonally adjusting the data may limit its use for short-term analysis.
Related Trends
Non-Life Insurance Premium Volume to GDP for Japan
DDDI10JPA156NWDB
Liquid Liabilities (Broad Money) for Japan
DDOI07JPA648NWDB
Consumer Opinion Surveys: Confidence Indicators: Composite Indicators: National Indicator for Japan
CSCICP02JPQ460S
Real Net Exports of Good and Services for Japan
JPNRGDPNGS
Infra-Annual Labor Statistics: Unemployment Rate Female: From 25 to 54 Years for Japan
LRUN25FEJPA156N
Infra-Annual Labor Statistics: Employees Total for Japan
LFESEETTJPM647S
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC74TTJPA156N), retrieved from FRED.