Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Russia
Quarterly
RUSCP100000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.11
Year-over-Year Change
-47.67%
Date Range
1/1/2005 - 10/1/2021
Summary
The Quarterly Nonfarm Business Sector: Real Output per Hour Worked measures the productivity of the U.S. nonfarm business sector, a key indicator of economic growth and efficiency.
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 productivity metric tracks the ratio of real output to the number of hours worked in the nonfarm business sector. It provides insights into the efficiency and technological advancements driving the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and labor input data.
Historical Context
Policymakers and analysts closely monitor this trend to assess the economy's production capacity and make informed decisions.
Key Facts
- The series is published quarterly by the U.S. Bureau of Labor Statistics.
- Productivity growth is a key driver of long-term economic expansion.
- Increased productivity can lead to higher wages and a higher standard of living.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Nonfarm Business Sector: Real Output per Hour Worked measures the productivity of the U.S. nonfarm business sector, tracking the ratio of real output to hours worked.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric provides insights into the efficiency and technological advancements driving the broader economy, which is crucial for policymakers and analysts assessing the economy's production capacity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and labor input data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the economy's production capacity and make informed decisions.
Q: Are there update delays or limitations?
A: The series is published quarterly by the U.S. Bureau of Labor Statistics, with a typical release schedule and no known significant limitations.
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Citation
U.S. Federal Reserve, Quarterly Nonfarm Business Sector: Real Output per Hour Worked (RUSCP100000GYQ), retrieved from FRED.