Index 2005=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU05TRA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
8757.91%
Date Range
1/1/1987 - 1/1/2006
Summary
This economic trend measures changes in the output per hour of all persons in the business sector, with 2005 as the base year. It provides insight into productivity and efficiency in the U.S. economy.
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
The Nonfarm Business Sector: Real Output Per Hour (ULQBBU05TRA662N) index tracks the real (inflation-adjusted) output per hour worked in the U.S. nonfarm business sector. This metric is a key indicator of labor productivity and a driver of economic growth.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Historical Context
Policymakers and analysts use this index to assess the health and competitiveness of the U.S. economy.
Key Facts
- The index uses 2005 as the base year, with a value of 1.
- Increases in the index indicate rising labor productivity.
- Productivity growth is a key driver of long-term economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the output per hour of all persons in the U.S. nonfarm business sector, with 2005 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into productivity and efficiency in the U.S. economy, which is a key driver of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health and competitiveness of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Nonfarm Business Sector: Real Output Per Hour (ULQBBU05TRA662N), retrieved from FRED.