Global price of Wool, Coarse
Quarterly
PWOOLCUSDQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
939.06
Year-over-Year Change
1.21%
Date Range
1/1/1990 - 4/1/2025
Summary
The Quarterly Productivity and Costs (Nonfarm Business Sector) trend measures changes in labor productivity and unit labor costs for the U.S. nonfarm business sector. It's a key indicator of economic efficiency 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
This quarterly economic indicator provides insights into the productivity and cost dynamics of the U.S. nonfarm business sector. Economists and policymakers use it to assess the overall health and competitiveness of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and employee hours.
Historical Context
Quarterly productivity and labor cost data help inform monetary and fiscal policy decisions.
Key Facts
- Productivity growth averaged 1.9% annually from 2010-2019.
- Unit labor costs rose 1.9% in Q4 2022 vs. Q4 2021.
- The pandemic caused a sharp drop in productivity in 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Productivity and Costs (Nonfarm Business Sector) trend measures changes in labor productivity and unit labor costs for the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the overall health and competitiveness of the U.S. economy, which is crucial information for policymakers, investors, and other economic stakeholders.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and employee hours.
Q: How is this trend used in economic policy?
A: Quarterly productivity and labor cost data help inform monetary and fiscal policy decisions by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics, with a typical 1-2 month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly Productivity and Costs (Nonfarm Business Sector) (PWOOLCUSDQ), retrieved from FRED.