Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Sweden
Quarterly, Seasonally Adjusted
LRHU24TTSEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.63
Year-over-Year Change
10.78%
Date Range
1/1/1983 - 4/1/2025
Summary
The Quarterly, Seasonally Adjusted trend measures the productivity of labor in the U.S. non-farm business sector. This metric is a key indicator of economic growth 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
This series tracks labor productivity, which measures the output per hour worked in the non-farm business sector. It provides insights into the efficiency and technological progress of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using surveys of businesses and establishments.
Historical Context
Policymakers and economists closely monitor labor productivity to assess the overall health and potential of the economy.
Key Facts
- U.S. labor productivity grew 1.9% in Q4 2022.
- Productivity has increased by 22% since 2012.
- Higher productivity enables higher wages and living standards.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted trend measures the output per hour worked in the U.S. non-farm business sector, providing insights into labor productivity and economic efficiency.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic growth, competitiveness, and the potential for higher living standards. Analysts and policymakers closely monitor this metric to assess the health and trajectory of the U.S. economy.
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 establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists use labor productivity data to inform decisions on interest rates, taxation, and investments that can promote economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted data is typically released with a lag of several weeks. There may also be revisions to previous quarters as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRHU24TTSEQ156S), retrieved from FRED.