Percent Change, Annual, Not Seasonally Adjusted
AUTULCMANAPNMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
80.48%
Date Range
1/1/1971 - 1/1/2010
Summary
This economic trend measures the annual percent change in manufacturing unit labor costs, which is an important indicator of labor productivity and inflationary 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
The percent change in manufacturing unit labor costs tracks the change in the total labor costs required to produce one unit of manufacturing output. This metric provides insight into cost-based inflation and the competitiveness of U.S. manufacturing.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using information on wages, productivity, and output.
Historical Context
Monitoring manufacturing unit labor costs is crucial for policymakers, businesses, and investors to assess economic conditions and make informed decisions.
Key Facts
- Manufacturing unit labor costs rose 3.9% in 2022.
- High unit labor costs can indicate inflationary pressures.
- Tracking this metric helps assess the competitiveness of U.S. manufacturing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in manufacturing unit labor costs, which reflects the total labor costs required to produce one unit of manufacturing output.
Q: Why is this trend relevant for users or analysts?
A: Monitoring manufacturing unit labor costs is crucial for understanding labor productivity, inflationary pressures, and the competitiveness of the U.S. manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using information on wages, productivity, and manufacturing output.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and investors closely follow this metric to assess economic conditions and make informed decisions about monetary policy, investment, and strategic planning.
Q: Are there update delays or limitations?
A: The data is published quarterly with a brief delay, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Percent Change, Annual, Not Seasonally Adjusted (AUTULCMANAPNMEI), retrieved from FRED.