Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Turkey
Growth rate previous period, Seasonally Adjusted
TURULQELP01GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-104.84%
Date Range
4/1/2006 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of the U.S. unemployment rate, seasonally adjusted. It provides important insights into the health and dynamics of the U.S. labor market.
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 growth rate previous period, seasonally adjusted trend tracks the quarterly change in the U.S. unemployment rate, accounting for typical seasonal variations. This data point helps economists and policymakers analyze labor market trends and the broader state of the economy.
Methodology
The data is calculated based on the U.S. Bureau of Labor Statistics' monthly household survey.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor this indicator to inform economic and monetary policy decisions.
Key Facts
- The U.S. unemployment rate is a key indicator of economic health.
- Quarterly growth in the unemployment rate can signal changes in labor market conditions.
- Seasonal adjustments help isolate underlying trends from typical seasonal variations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of the U.S. unemployment rate, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Tracking the growth rate of the unemployment rate provides valuable insights into the dynamics of the U.S. labor market and the broader state of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Bureau of Labor Statistics' monthly household survey.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor this indicator to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of several weeks after the end of the reference period.
Related Trends
National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Turkey
NAEXKP03TRQ652S
Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Turkiye
LFEAMNTTTRQ647S
Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Turkiye
LFUN24TTTRA647N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Turkiye
TURPRCNTO01IXOBQ
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for Turkiye
LFAC24MATRA647N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Turkiye
PRMNTO01TRQ661N
Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (TURULQELP01GPSAQ), retrieved from FRED.