Production: Manufacturing: Consumer Goods: Total for United States
Quarterly, Not Seasonally Adjusted
PRMNCG01USQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.19
Year-over-Year Change
4.15%
Date Range
1/1/1960 - 10/1/2018
Summary
This trend measures quarterly, not seasonally adjusted private nonfarm business sector real output per hour worked in the United States. It provides insights into productivity growth, a key driver of economic prosperity.
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 Private Nonfarm Business Sector Real Output per Hour Trend tracks changes in worker productivity, a crucial metric for understanding economic performance and living standards. It is used by policymakers, economists, and analysts to assess the efficiency and competitiveness of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Historical Context
This productivity metric informs economic and monetary policy decisions.
Key Facts
- Productivity growth is a key driver of rising living standards.
- Declining productivity growth can signal economic challenges.
- This data is used to analyze the efficiency of the U.S. business sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly, not seasonally adjusted private nonfarm business sector real output per hour worked in the United States.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial determinant of economic prosperity, and this metric provides insights into the efficiency and competitiveness of the U.S. business sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey data.
Q: How is this trend used in economic policy?
A: This productivity metric informs economic and monetary policy decisions, as it is a key indicator of the economy's growth potential.
Q: Are there update delays or limitations?
A: The data is published quarterly, with some delay, and represents the private nonfarm business sector only.
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Citation
U.S. Federal Reserve, Private Nonfarm Business Sector: Real Output per Hour (PRMNCG01USQ661N), retrieved from FRED.