Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Euro Area (19 Countries)
Index 2015=100, Not Seasonally Adjusted
ULQECU01EZQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.95
Year-over-Year Change
12.91%
Date Range
1/1/1995 - 7/1/2023
Summary
The Index 2015=100, Not Seasonally Adjusted measures changes in unit labor costs for the U.S. economy. This metric is a key indicator of inflationary pressures and worker 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 average cost of labor per unit of output, reflecting both wage levels and labor productivity. This index provides insight into broader economic conditions and the relative strength of the labor market.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of compensation and productivity.
Historical Context
Policymakers and analysts use this index to assess inflationary risks and overall economic performance.
Key Facts
- The index is benchmarked to 2015=100.
- Unit labor costs rose 2.2% in the third quarter of 2022.
- Rising unit labor costs can signal inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Not Seasonally Adjusted measures changes in unit labor costs for the U.S. economy. This metric reflects both wage levels and labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and overall economic performance. Policymakers and analysts use this index to assess the strength of the labor market and risks to price stability.
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 compensation and productivity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary risks and overall economic performance. Rising unit labor costs can signal the need for monetary policy adjustments to maintain price stability.
Q: Are there update delays or limitations?
A: The index is published quarterly with a short delay. There may be revisions to past data as new information becomes available.
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Citation
U.S. Federal Reserve, Index 2015=100, Not Seasonally Adjusted (ULQECU01EZQ661N), retrieved from FRED.