Percent Change, Quarterly, Not Seasonally Adjusted
JPNULCMANQPNMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.22
Year-over-Year Change
-106.64%
Date Range
4/1/1970 - 7/1/2011
Summary
This economic trend measures the quarterly percent change in unit labor costs for the manufacturing sector in Japan. It provides insight into inflationary pressures and productivity in the Japanese economy.
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. This metric is widely used by economists and policymakers to assess domestic competitiveness, monitor inflation, and evaluate productivity trends.
Methodology
The data is calculated by the U.S. Federal Reserve based on labor compensation and output measures reported by the Japanese government.
Historical Context
Tracking changes in unit labor costs helps inform monetary and fiscal policy decisions in Japan and globally.
Key Facts
- Japan's unit labor costs rose 0.7% in Q3 2022.
- Manufacturing accounts for 20% of Japan's GDP.
- Rising unit labor costs can signal a need for monetary policy adjustments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percent change in unit labor costs for the manufacturing sector in Japan. Unit labor costs represent the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Changes in unit labor costs provide insight into inflationary pressures, productivity, and domestic competitiveness within the Japanese economy, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on labor compensation and output measures reported by the Japanese government.
Q: How is this trend used in economic policy?
A: Tracking changes in unit labor costs helps inform monetary and fiscal policy decisions in Japan and globally, as it signals potential inflationary pressures or productivity shifts.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-3 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Percent Change, Quarterly, Not Seasonally Adjusted (JPNULCMANQPNMEI), retrieved from FRED.