Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Austria
Index 2015=100, Not Seasonally Adjusted
ULQECU01ATQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.13
Year-over-Year Change
17.43%
Date Range
1/1/1995 - 7/1/2023
Summary
This index measures the Unit Labor Costs (ULC) for the United States, not seasonally adjusted, with a base year of 2015. ULC is an important economic indicator that reflects the average cost of labor per unit of output.
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 Unit Labor Costs index tracks the growth of labor costs relative to productivity, providing insight into a country's international competitiveness and inflation pressures. It is widely used by economists and policymakers to analyze employment dynamics and production efficiency.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a formula that divides hourly compensation by output per hour.
Historical Context
Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The base year for this index is 2015.
- Rising unit labor costs can signal increased inflationary pressures.
- This indicator is not seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This index measures the Unit Labor Costs (ULC) for the United States, which reflects the average cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide important insights into a country's international competitiveness, production efficiency, and potential inflationary pressures.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using a formula that divides hourly compensation by output per hour.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This index is not seasonally adjusted, so it may exhibit more volatility than seasonally adjusted measures.
Related Trends
Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Austria
CSCICP03ATM665S
National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Austria
NAEXKP06ATQ652S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Austria
AUTCP020000IXOBM
Bank Concentration for Austria
DDOI01ATA156NWDB
National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Austria
AUTGDPDEFQISMEI
Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Austria
QATPAM770A
Citation
U.S. Federal Reserve, Index 2015=100, Not Seasonally Adjusted (ULQECU01ATQ661N), retrieved from FRED.