Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Luxembourg
Quarterly, Seasonally Adjusted
LRAC74TTLUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.98
Year-over-Year Change
1.90%
Date Range
1/1/2007 - 1/1/2025
Summary
This economic trend measures the labor productivity of the non-farm business sector on a quarterly, seasonally adjusted basis. It is a key indicator of economic efficiency and 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
Labor productivity tracks the amount of real output produced per hour of labor input. It is a crucial metric for understanding the economy's productive capacity and potential for sustainable expansion.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and establishments.
Historical Context
Policymakers and analysts closely monitor labor productivity to gauge the overall health and competitiveness of the U.S. economy.
Key Facts
- Productivity grew at an average annual rate of 1.3% from 2011-2020.
- A 1% increase in productivity is associated with a 0.5% rise in real wages.
- Productivity growth is a key driver of long-term improvements in living standards.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real output per hour of labor in the non-farm business sector on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a critical indicator of economic efficiency and growth potential, with implications for wages, competitiveness, and living standards.
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: Policymakers and analysts closely monitor labor productivity to gauge the overall health and competitiveness of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short lag, providing timely insight into productivity trends.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC74TTLUQ156S), retrieved from FRED.