Annual
ROWUDAA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,316.00
Year-over-Year Change
-162.72%
Date Range
1/1/1946 - 1/1/2012
Summary
The Annual series measures the year-over-year change in U.S. real output per worker, a key indicator of productivity growth and economic 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
This annual productivity metric tracks the inflation-adjusted change in real output per worker, providing insight into the efficiency and technological progress of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using employment figures and real GDP.
Historical Context
Policymakers and economists closely monitor this statistic to assess the health and trajectory of the U.S. labor market and overall economic performance.
Key Facts
- U.S. real output per worker has grown by an average of 1.5% annually over the past decade.
- Improving productivity is crucial for raising living standards and international competitiveness.
- Annual productivity growth slowed to 0.7% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the year-over-year change in real output per worker, a key indicator of productivity growth in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a critical driver of rising living standards and economic competitiveness, making this metric highly relevant for 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 using employment figures and real GDP.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this statistic to assess the health and trajectory of the U.S. labor market and overall economic performance, informing decisions on fiscal, monetary, and workforce policies.
Q: Are there update delays or limitations?
A: The Annual data is published with a lag of several months, and can be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (ROWUDAA027N), retrieved from FRED.