Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for France
Index 2015=100, Seasonally Adjusted
ULQELP01FRQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.09
Year-over-Year Change
-1.39%
Date Range
1/1/1960 - 7/1/2023
Summary
The 'Index 2015=100, Seasonally Adjusted' trend measures labor productivity, a key indicator of economic efficiency and growth. It is closely watched by economists and policymakers to assess the overall health and competitiveness of 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
This index measures the ratio of real output to hours worked, providing insight into how productively the economy is utilizing its labor resources. Trends in labor productivity are essential for understanding potential GDP growth, wage dynamics, and international competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and hours worked from surveys of businesses and households.
Historical Context
Labor productivity trends inform monetary and fiscal policy decisions aimed at promoting sustainable economic expansion.
Key Facts
- The U.S. labor productivity index is benchmarked to 2015 = 100.
- Productivity growth averaged 1.3% annually from 2010-2019.
- Weak productivity can constrain wage growth and living standards.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Seasonally Adjusted' measures labor productivity, which is the ratio of real economic output to the hours worked to produce that output.
Q: Why is this trend relevant for users or analysts?
A: Trends in labor productivity are crucial for understanding economic growth potential, wage dynamics, and international competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and hours worked data from business and household surveys.
Q: How is this trend used in economic policy?
A: Labor productivity trends inform monetary and fiscal policy decisions aimed at promoting sustainable economic expansion.
Q: Are there update delays or limitations?
A: There may be lags in data availability due to the time required to collect and process the underlying survey information.
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Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (ULQELP01FRQ661S), retrieved from FRED.