Percent Change, Annual, Not Seasonally Adjusted
CANULCCONAPNMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.69
Year-over-Year Change
-181.48%
Date Range
1/1/1971 - 1/1/2010
Summary
The 'Percent Change, Annual, Not Seasonally Adjusted' measures the year-over-year change in unit labor costs for the Canadian economy. This indicator provides insights into the country's 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
Unit labor costs track the average cost of labor required to produce one unit of output. The annual, non-seasonally adjusted percent change in this metric is a key economic indicator used to analyze employment dynamics, wage growth, and overall productivity trends.
Methodology
The data is calculated by the Canadian government based on labor compensation and real output metrics.
Historical Context
Economists and policymakers monitor this indicator to assess the competitiveness of the Canadian economy and guide fiscal and monetary policy decisions.
Key Facts
- Canada's unit labor costs rose 3.9% in 2021.
- This metric is a leading indicator of inflation and competitiveness.
- High unit labor cost growth can signal a loss of economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change, Annual, Not Seasonally Adjusted' metric measures the year-over-year change in unit labor costs for the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Canada's labor productivity, wage growth, and inflationary pressures, which are crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Canadian government based on labor compensation and real output metrics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the competitiveness of the Canadian economy and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a timely basis with minimal delays, providing a reliable, up-to-date snapshot of labor cost trends in Canada.
Related Trends
Bank's Return on Equity for Canada
DDEI06CAA156NWDB
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Canada
LREM24MACAM156S
Consumer Price Index: Services Less Housing for Canada
CANCPISXHMINMEI
Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Canada
CANPERMITAISMEI
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada
LRUNTTTTCAM156S
Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Canada
LREMTTTTCAM156S
Citation
U.S. Federal Reserve, Percent Change, Annual, Not Seasonally Adjusted (CANULCCONAPNMEI), retrieved from FRED.