Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Switzerland
Index 2015=100, Seasonally Adjusted
ULQELP01CHQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.06
Year-over-Year Change
2.45%
Date Range
1/1/1995 - 7/1/2023
Summary
The Index 2015=100, Seasonally Adjusted trend measures the U.S. hourly labor productivity in the nonfarm business sector. It is a key indicator of economic efficiency and competitiveness.
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
This index tracks changes in the output produced per hour of labor input in the nonfarm business sector. It is a crucial metric for analyzing economic growth, inflationary pressures, and international competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on output and labor input measures.
Historical Context
Policymakers and analysts use this productivity index to assess the capacity for sustainable economic expansion.
Key Facts
- The index has a base year of 2015 = 100.
- Productivity growth is a key driver of rising living standards.
- Declining productivity can signal economic challenges.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Seasonally Adjusted measures hourly labor productivity in the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This productivity index is a crucial indicator of economic efficiency and competitiveness, which are key drivers of growth and living standards.
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 output and labor input.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this productivity index to assess the capacity for sustainable economic expansion and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to regular updates and revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (ULQELP01CHQ661S), retrieved from FRED.