Quarterly
TURULCTOTQPNMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.17
Year-over-Year Change
-117.39%
Date Range
4/1/1970 - 10/1/2006
Summary
The Quarterly Total Factor Productivity Index measures changes in the efficiency with which the U.S. economy utilizes its inputs of labor and capital to produce economic output.
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
Total factor productivity is a key indicator of technological progress and economic efficiency. It is used by economists to analyze long-term trends in economic growth and productivity.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics using data on GDP, employment, and capital stock.
Historical Context
This measure informs policy discussions around economic policy, investment, and innovation.
Key Facts
- The index has a base year of 2012 = 100.
- Productivity growth is a key driver of long-term economic prosperity.
- Quarterly updates allow policymakers to monitor economic efficiency trends.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Total Factor Productivity Index measures changes in the efficiency with which the U.S. economy uses its labor and capital to produce output.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key indicator of technological progress and economic efficiency, providing insight into long-term economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics using data on GDP, employment, and capital stock.
Q: How is this trend used in economic policy?
A: This measure informs policy discussions around economic policy, investment, and innovation, as productivity growth is a key driver of long-term prosperity.
Q: Are there update delays or limitations?
A: The index is updated quarterly, providing timely data for policymakers and analysts to monitor economic efficiency trends.
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Citation
U.S. Federal Reserve, Quarterly Total Factor Productivity Index (TURULCTOTQPNMEI), retrieved from FRED.