New Houses Sold by Sales Price Total in the Northeast Census Region
Percent, Quarterly
NHSNESPTQP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
0.00%
Date Range
1/1/2020 - 4/1/2025
Summary
The Quarterly Nonfarm Business Sector: Real Output Per Hour (NHSNESPTQP) measures the productivity of the U.S. nonfarm business sector. It is a key economic indicator used to assess the efficiency and growth of the overall 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
This productivity metric tracks the ratio of real output to the number of hours worked in the nonfarm business sector. It provides insights into how effectively labor and capital are being utilized to produce goods and services in the U.S. economy.
Methodology
The Bureau of Labor Statistics calculates this series using data on real output and employee hours.
Historical Context
Policymakers closely monitor productivity trends to guide decisions on monetary and fiscal policy.
Key Facts
- Productivity growth is a key driver of long-term economic expansion.
- Rising productivity allows higher living standards without fueling inflation.
- Weak productivity growth has been a concern in the U.S. in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Nonfarm Business Sector: Real Output Per Hour measures the productivity of the U.S. nonfarm business sector by tracking the ratio of real output to hours worked.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of long-term economic expansion and living standard improvements. Monitoring this metric helps policymakers and analysts assess the efficiency and competitiveness of the U.S. economy.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics calculates this series using data on real output and employee hours in the nonfarm business sector.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor productivity trends to guide decisions on monetary and fiscal policy, as productivity growth is a key driver of economic expansion and living standard improvements.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be delays in accessing the most recent information. Additionally, productivity metrics can be influenced by various economic factors beyond just labor efficiency.
Related Trends
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the Northeast Census Region
CNERBP1FHSA
Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Poured Concrete Foundation and Structure Contractors for Northeast Census Region
PCU2364002364002241
Expenditures: Fresh Fruits by Region: Residence in the Northeast Census Region
CXUFRSHFRUTLB1102M
Expenditures: Public and Other Transportation by Region: Residence in the Northeast Census Region
CXUPUBTRANSLB1102M
Consumer Unit Characteristics: Percent Homeowner without Mortgage by Region: Residence in the Northeast Census Region
CXU980240LB1102M
Expenditures: Health Insurance by Region: Residence in the Northeast Census Region
CXUHLTHINSRLB1102M
Citation
U.S. Federal Reserve, Percent, Quarterly (NHSNESPTQP), retrieved from FRED.