Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Finland
Growth rate previous period, Seasonally Adjusted
ULQECU01FIQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.72
Year-over-Year Change
50.41%
Date Range
4/1/1975 - 7/1/2023
Summary
The 'Growth rate previous period, Seasonally Adjusted' trend measures the quarter-over-quarter change in non-farm business unit labor costs, a key indicator of inflationary pressures in 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
Unit labor costs represent the cost of labor per unit of output and provide insight into productivity and profit margins. This seasonally adjusted series is used by economists and policymakers to monitor labor market dynamics and their potential impact on inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys.
Historical Context
This trend helps inform Federal Reserve monetary policy decisions and is closely watched by financial markets.
Key Facts
- Unit labor costs rose 2.4% in Q4 2022 compared to the previous quarter.
- Labor productivity declined 3.0% in Q4 2022 as output grew slower than hours worked.
- Rising unit labor costs can signal increased inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Seasonally Adjusted' trend measures the quarter-over-quarter change in non-farm business unit labor costs, a key indicator of inflationary pressures in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs provide insight into productivity and profit margins, helping economists and policymakers monitor labor market dynamics and their potential impact on inflation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys.
Q: How is this trend used in economic policy?
A: This trend helps inform Federal Reserve monetary policy decisions and is closely watched by financial markets.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (ULQECU01FIQ657S), retrieved from FRED.