Index of Truck Tonnage for General Freight Carriers for United States
Quarterly
Q03032USQ350SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.50
Year-over-Year Change
10.22%
Date Range
1/1/1946 - 10/1/1960
Summary
The Quarterly Nonfarm Business Sector: Real Output per Hour is a key measure of U.S. labor productivity over time. It tracks changes in the output produced per hour worked in the nonfarm business 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 series represents labor productivity, a crucial economic indicator that measures the efficiency and competitiveness of the U.S. workforce. It is used by policymakers, analysts, and researchers to assess the health and growth potential of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked in the nonfarm business sector.
Historical Context
Quarterly productivity data informs economic and monetary policy decisions made by the Federal Reserve and other government institutions.
Key Facts
- Productivity growth is a key driver of rising living standards.
- The U.S. has experienced a slowdown in productivity growth since the early 2000s.
- Increased productivity allows businesses to expand output without adding more workers.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Nonfarm Business Sector: Real Output per Hour measures the growth in labor productivity across the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is crucial for improving living standards and economic competitiveness, so this metric is closely watched by policymakers, economists, and investors.
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 in the nonfarm business sector.
Q: How is this trend used in economic policy?
A: Quarterly productivity data informs economic and monetary policy decisions made by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The productivity data is released on a quarterly basis, with some lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly Nonfarm Business Sector: Real Output per Hour (Q03032USQ350SNBR), retrieved from FRED.