Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Sweden
Index 2015=100, Seasonally Adjusted
ULQECU01SEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.31
Year-over-Year Change
12.79%
Date Range
1/1/1993 - 7/1/2023
Summary
The Index 2015=100, Seasonally Adjusted is a key indicator of unit labor costs in the U.S. economy. It measures changes in the cost of labor per unit of output, providing 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
The Index 2015=100, Seasonally Adjusted tracks the relationship between employee compensation and labor productivity. It is widely used by economists and policymakers to assess the competitiveness of U.S. industries and the overall health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
This index is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- Rising unit labor costs can signal increased inflationary pressures in the economy.
- The index is seasonally adjusted to account for regular fluctuations throughout the year.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Seasonally Adjusted measures changes in the cost of labor per unit of output produced in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into labor productivity and inflationary pressures, which are crucial factors considered by economists and policymakers.
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 hourly compensation and productivity.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this index to inform monetary policy decisions, as it reflects the competitiveness of U.S. industries and the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (ULQECU01SEQ661S), retrieved from FRED.