National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Norway
Quarterly
NORCINSQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,698,000,000.00
Year-over-Year Change
-32.76%
Date Range
1/1/1978 - 7/1/2023
Summary
The Quarterly Nonfarm Output per Hour, Corporate Business (NORCINSQDSMEI) measures changes in labor productivity for the U.S. corporate business sector on a quarterly basis. This key economic indicator helps analysts and policymakers understand trends in business efficiency 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
The Quarterly Nonfarm Output per Hour, Corporate Business measures the inflation-adjusted output per hour worked in the U.S. corporate business sector. It is used to analyze labor productivity and assess the economy's capacity for sustainable growth.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked.
Historical Context
This productivity metric informs economic and monetary policy decisions.
Key Facts
- The series began in 1947.
- Productivity growth can contribute to rising living standards.
- Weak productivity is linked to economic stagnation.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Nonfarm Output per Hour, Corporate Business measures labor productivity in the U.S. corporate business sector, tracking changes in the inflation-adjusted output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is a key indicator of business efficiency and the economy's capacity for sustainable growth, informing economic and policy decisions.
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 output and hours worked.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this productivity metric to assess the state of the economy and make informed decisions about economic and monetary policy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, with some lag from the end of the reference period.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing Excluding Imputed Rentals for Housing for Norway
NORCPGRHO02GYM
Consumer Price Index: Harmonized Prices: Energy: Total for Norway
NORCPHPEN01GPM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Norway
LRHUTTTTNOM156S
National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Norway
NORGDPDEFQISMEI
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Norway
LRUN64TTNOQ156S
Consumer Price Index: All Items: Total for Norway
NORCPALTT01IXNBQ
Citation
U.S. Federal Reserve, Quarterly Nonfarm Output per Hour, Corporate Business (NORCINSQDSMEI), retrieved from FRED.