Not Seasonally Adjusted
This dataset tracks not seasonally adjusted over time.
Latest Value
178.57
Year-over-Year Change
0.48%
Date Range
3/1/1947 - 7/1/2025
Summary
The 'Not Seasonally Adjusted' data series reflects total unit labor costs without seasonal adjustments. It is a key indicator of inflationary pressures and labor market dynamics.
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 'Not Seasonally Adjusted' unit labor cost series provides a raw view of changes in labor costs per unit of output. This metric is used by economists and policymakers to assess inflationary risks and underlying labor market conditions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and labor force statistics.
Historical Context
Policymakers and analysts monitor this data to understand the relationship between wages, productivity, and potential inflation.
Key Facts
- Unit labor costs rose 5.5% in Q4 2022 from a year earlier.
- Rapid wage growth outpacing productivity gains can contribute to inflation.
- Seasonal adjustments aim to remove recurring patterns in the data.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' series tracks changes in total unit labor costs, which reflect the cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: This raw, unadjusted data on labor costs is an important indicator of inflationary pressures and labor market dynamics that policymakers and economists closely monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and labor force statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand the relationship between wages, productivity, and potential inflation, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a brief lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (CWUR0000SETA01), retrieved from FRED.