Quarterly
This dataset tracks quarterly over time.
Latest Value
220.35
Year-over-Year Change
-22.21%
Date Range
1/1/1990 - 4/1/2025
Summary
The Quarterly Growth Rate of Labor Productivity in the U.S. measures changes in the efficiency of labor in producing goods and services, a key indicator of economic 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 is a measure of economic performance that shows how much output is produced per hour of labor. Economists and policymakers use this trend to assess the overall competitiveness and efficiency of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using output and labor input statistics.
Historical Context
Changes in labor productivity impact a range of economic factors like wages, inflation, and international trade competitiveness.
Key Facts
- Labor productivity grew 1.3% in Q4 2022.
- U.S. labor productivity has increased by an average of 1.8% annually since 1947.
- Improving labor productivity is crucial for raising living standards over the long term.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Growth Rate of Labor Productivity measures the change in the amount of goods and services produced per hour of labor in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic efficiency and competitiveness. Analyzing productivity growth helps policymakers and businesses understand broader economic trends and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using measures of real output and labor input.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor labor productivity to assess the overall health of the economy and inform decisions on issues like interest rates, trade policy, and investments in education and infrastructure.
Q: Are there update delays or limitations?
A: The Quarterly Growth Rate of Labor Productivity is released by the Bureau of Labor Statistics with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Growth Rate of Labor Productivity (PLOGOREUSDQ), retrieved from FRED.