Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Russia
Quarterly
RUSCP040100GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.99
Year-over-Year Change
535.50%
Date Range
4/1/2004 - 10/1/2021
Summary
The Quarterly Nonfarm Productivity trend measures the change in output per hour worked in the nonfarm business sector. It is a key indicator of economic efficiency and labor market dynamics.
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
Quarterly Nonfarm Productivity tracks the relationship between economic output and labor input, providing insights into productivity growth and labor market efficiency. It is widely used by economists and policymakers to assess the health of the broader 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 Nonfarm Productivity is an important input for monetary and fiscal policy decisions, as well as market analyses.
Key Facts
- Productivity growth enables higher living standards over time.
- The U.S. has experienced a slowdown in productivity growth since the early 2000s.
- Improving productivity is a key challenge for policymakers and businesses.
FAQs
Q: What does this economic trend measure?
A: Quarterly Nonfarm Productivity measures the change in output per hour worked in the nonfarm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of rising living standards and economic competitiveness, so this metric is closely watched by economists, policymakers, and market participants.
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 Nonfarm Productivity is an important input for monetary and fiscal policy decisions, as it provides insights into the economy's productive capacity and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Nonfarm Productivity (RUSCP040100GPQ), retrieved from FRED.