Index 2005=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU08EUQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
6.76%
Date Range
1/1/1995 - 1/1/2011
Summary
This economic trend measures the quarterly, not seasonally adjusted index of labor productivity in the United States. It provides insights into the efficiency and output of the U.S. workforce over time.
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 labor productivity index tracks changes in the amount of real output produced per hour worked in the nonfarm business sector. This metric is widely used by economists and policymakers to analyze trends in economic growth, competitiveness, and standards of living.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and employee hours.
Historical Context
The labor productivity index is a key indicator for the Federal Reserve and other economic institutions in evaluating the health of the U.S. economy.
Key Facts
- The index uses 2005 as the base year with a value of 1.
- Quarterly data is reported, not seasonally adjusted.
- The index measures output per hour worked in the nonfarm business sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, not seasonally adjusted index of labor productivity in the United States. It tracks changes in the amount of real output produced per hour worked in the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: The labor productivity index is a key indicator used by economists and policymakers to analyze trends in economic growth, competitiveness, and standards of living.
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 employee hours.
Q: How is this trend used in economic policy?
A: The labor productivity index is a key indicator for the Federal Reserve and other economic institutions in evaluating the health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly and is not seasonally adjusted, which may limit its interpretation for certain applications.
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Citation
U.S. Federal Reserve, Index 2005=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU08EUQ662N), retrieved from FRED.