Percent Change
Percent Change, Quarterly, Not Seasonally Adjusted
AUTULCCONQPNMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.49
Year-over-Year Change
0.43%
Date Range
4/1/1976 - 1/1/2011
Summary
This economic trend measures the quarterly percent change in unit labor costs for the automobile manufacturing industry in the United States, providing insights into productivity and inflation pressures.
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
Unit labor costs represent the average cost of labor per unit of output and are a key indicator of a sector's competitiveness and potential inflationary pressures. The automobile manufacturing industry is a major component of the U.S. economy, making this data point relevant for economists and policymakers.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on industry-level productivity and compensation information.
Historical Context
This trend is used by the Federal Reserve and other institutions to assess the broader economic environment and guide monetary policy decisions.
Key Facts
- Quarterly data, not seasonally adjusted.
- Measures percent change in unit labor costs.
- Provides insights into the automobile industry's competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percent change in unit labor costs for the automobile manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of a sector's competitiveness and potential inflationary pressures, making this data point relevant for economists and policymakers assessing the broader economic environment.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on industry-level productivity and compensation information.
Q: How is this trend used in economic policy?
A: This trend is used by the Federal Reserve and other institutions to assess the broader economic environment and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is provided on a quarterly basis and is not seasonally adjusted.
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Citation
U.S. Federal Reserve, Percent Change, Quarterly, Not Seasonally Adjusted (AUTULCCONQPNMEI), retrieved from FRED.