Harmonized Unemployment: Aged 25 and Over: Males for the European Union
Percent, Quarterly, Not Seasonally Adjusted
LRHUADMAEUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.10
Year-over-Year Change
-26.44%
Date Range
1/1/2000 - 10/1/2019
Summary
This economic trend measures the quarterly percent change in unit labor costs for the Euro area, which is a key indicator of inflation and 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
Unit labor costs represent the cost of labor per unit of output. Economists use this metric to assess inflationary pressures and productivity trends within the Euro area economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on labor compensation and productivity statistics.
Historical Context
Policymakers and market analysts closely monitor this indicator to inform decisions around monetary policy and economic forecasting.
Key Facts
- Quarterly data is released with a 2-month lag.
- Unit labor costs grew by 1.7% in Q3 2022 compared to the prior quarter.
- Rising unit labor costs can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percent change in unit labor costs for the Euro area, which represents the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflation and productivity, providing valuable insights for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on labor compensation and productivity statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to inform decisions around monetary policy and economic forecasting for the Euro area.
Q: Are there update delays or limitations?
A: The quarterly data is released with a 2-month lag.
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Citation
U.S. Federal Reserve, Percent, Quarterly, Not Seasonally Adjusted (LRHUADMAEUQ156N), retrieved from FRED.