Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Turkey
Index 2015=100, Seasonally Adjusted
TURULQECU01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
963.75
Year-over-Year Change
369.31%
Date Range
1/1/2006 - 7/1/2023
Summary
The Index 2015=100, Seasonally Adjusted measures the overall business confidence and economic conditions in the United States. It serves as a key indicator for policymakers and analysts to assess the health of the U.S. 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
This economic index tracks the general business climate in the country, synthesizing a range of economic factors into a single composite indicator. It provides a comprehensive and timely snapshot of the current state of the U.S. economy.
Methodology
The index is calculated based on survey data collected from businesses across various sectors.
Historical Context
Policymakers and market participants closely monitor this index to gauge the direction of the economy and inform their decision-making.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- It is seasonally adjusted to account for recurring patterns in economic activity.
- The index is published monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Seasonally Adjusted measures the overall business confidence and economic conditions in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index serves as a key indicator for policymakers and analysts to assess the health of the U.S. economy and inform their decision-making.
Q: How is this data collected or calculated?
A: The index is calculated based on survey data collected from businesses across various sectors.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this index to gauge the direction of the economy and inform their policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Federal Reserve, providing timely information on the state of the U.S. economy.
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Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (TURULQECU01IXOBSAQ), retrieved from FRED.