Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Sweden
Index 2015=100, Seasonally Adjusted
ULQELP01SEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.94
Year-over-Year Change
1.00%
Date Range
1/1/1993 - 7/1/2023
Summary
The Index 2015=100, Seasonally Adjusted is a key measure of labor productivity in the U.S. non-farm business sector. It provides insights into 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 amount of real output produced per hour worked in the non-farm business sector. It is a crucial metric for analyzing economic growth, inflationary pressures, and potential GDP.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked.
Historical Context
Policymakers and analysts use this index to guide decisions on monetary policy, taxation, and workforce development.
Key Facts
- The index is benchmarked to 2015 = 100.
- Productivity growth drives long-term economic expansion.
- The index is updated quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Seasonally Adjusted measures labor productivity in the U.S. non-farm business sector, tracking real output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into economic efficiency, competitiveness, and the potential for sustainable growth.
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 real output and hours worked.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to guide decisions on monetary policy, taxation, and workforce development.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the Bureau of Labor Statistics.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Sweden
CPGRLE01SEM659N
Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Sweden
MANMM101SEM189N
Work Started: Construction: Dwellings and Residential Buildings: Total for Sweden
WSCNDW01SEQ470N
Sales: Retail Trade: Total Retail Trade: Volume for Sweden
SLRTTO01SEA657S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Sweden
SWECP110000GYM
U.S. Imports of Goods by Customs Basis from Sweden
IMP4010
Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (ULQELP01SEQ661S), retrieved from FRED.