Percent Change, Annual, Not Seasonally Adjusted
JPNULCMANAPNMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.13
Year-over-Year Change
-488.80%
Date Range
1/1/1971 - 1/1/2010
Summary
This economic trend measures the annual percent change in Japan's unit labor cost, a key indicator of competitiveness and labor productivity.
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 unit labor cost (ULC) is a widely-used metric that captures the average cost of labor per unit of output. Tracking changes in ULC helps economists and policymakers assess a country's international price competitiveness and overall economic performance.
Methodology
The data is calculated by the OECD using labor compensation and real GDP data.
Historical Context
Policymakers monitor ULC trends to inform decisions on trade, exchange rates, and economic strategy.
Key Facts
- Japan's ULC rose 0.4% in 2021.
- ULC is a key measure of a country's international price competitiveness.
- Rising ULC can signal declining labor productivity or increasing labor costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in Japan's unit labor cost, which captures the average cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in unit labor cost helps economists and policymakers assess a country's international price competitiveness and overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using labor compensation and real GDP data.
Q: How is this trend used in economic policy?
A: Policymakers monitor ULC trends to inform decisions on trade, exchange rates, and economic strategy.
Q: Are there update delays or limitations?
A: The OECD provides timely updates on this metric, though there may be some delays in final data publication.
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Citation
U.S. Federal Reserve, Percent Change, Annual, Not Seasonally Adjusted (JPNULCMANAPNMEI), retrieved from FRED.