Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Japan
ULQECU01JPQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.37
Year-over-Year Change
4.78%
Date Range
1/1/1980 - 7/1/2023
Summary
This economic indicator tracks the early estimate of quarterly unit labor costs in Japan, which measure the average cost of labor per unit of output. It provides insights into productivity and inflationary pressures.
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 real output. This early estimate tracks changes in this key indicator for the Japanese economy, which is closely monitored by policymakers and analysts for its implications on productivity, competitiveness, and inflation.
Methodology
The data is calculated from measures of total labor compensation and real output.
Historical Context
Unit labor cost trends are a critical input for monetary and fiscal policy decisions.
Key Facts
- Unit labor costs rose 1.7% in Q4 2022 from the previous quarter.
- Japan's unit labor costs are closely watched for inflation impacts.
- This is an early estimate, subject to revision.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the early estimate of quarterly unit labor costs in Japan, which measure the average cost of labor per unit of real output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends provide insights into productivity, competitiveness, and inflationary pressures, making this a critical metric for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated from measures of total labor compensation and real output.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are a key input for monetary and fiscal policy decisions in Japan.
Q: Are there update delays or limitations?
A: This is an early estimate of the quarterly unit labor cost indicator, which may be subject to future revision.
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Citation
U.S. Federal Reserve, Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Japan (ULQECU01JPQ661S), retrieved from FRED.