Question 1

What is Machinery: Labor Share?

Accepted Answer

The factor share is the ratio of the cost of that factor to the total value of production.

For more information, please go to https://www.bls.gov/mfp/

Source Indicator: MPU5200681

Question 2

Where does Machinery: Labor Share data come from?

Accepted Answer

This dataset is sourced from FRED (FRED), a trusted provider of economic and financial data. DataSetIQ aggregates and standardizes this data for easy access and analysis.

Question 3

How often is Machinery: Labor Share updated?

Accepted Answer

This dataset is updated on a a basis by FRED. DataSetIQ syncs the latest data regularly to ensure you have access to the most current information.

Question 4

What time period does Machinery: Labor Share cover?

Accepted Answer

This dataset covers the period from 1987 to 2024. The temporal coverage allows for historical analysis and trend identification over 37 years of data.

Question 5

What units is Machinery: Labor Share measured in?

Accepted Answer

The data in this dataset is measured in %. Understanding the measurement units is important for accurate interpretation and comparison with other datasets.

Question 6

What is the data quality score for Machinery: Labor Share?

Accepted Answer

Machinery: Labor Share has a DataSetIQ score of 81/100. This score measures data quality based on completeness, timeliness, consistency, and coverage metrics.

Machinery: Labor Share

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