Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Norway
Quarterly
NORCP090000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.92
Year-over-Year Change
13.32%
Date Range
1/1/1980 - 1/1/2025
Summary
The Quarterly Nonfarm Output per Person-Hour in Nonfinancial Corporations metric measures productivity trends in the U.S. nonfinancial corporate sector.
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 data series tracks changes in output per person-hour, a key indicator of labor productivity. It is used by economists and policymakers to assess the efficiency and competitiveness of the U.S. business sector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and national accounts data.
Historical Context
Quarterly productivity trends influence economic growth, inflation, and policy decisions.
Key Facts
- Quarterly productivity grew 1.9% in 2022 Q3.
- Productivity declined in 7 of the last 10 quarters.
- The U.S. lags major trading partners in productivity growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks changes in output per person-hour in the U.S. nonfinancial corporate sector, a key indicator of labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial driver of economic expansion, competitiveness, and living standards. This data helps economists and policymakers assess the health of the U.S. business sector.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this metric using establishment surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Quarterly productivity trends influence decisions around monetary policy, fiscal policy, and strategies to boost U.S. competitiveness.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately 2 months. It may not fully capture recent economic conditions.
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Citation
U.S. Federal Reserve, Quarterly Nonfarm Output per Person-Hour in Nonfinancial Corporations (NORCP090000GYQ), retrieved from FRED.