Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Estonia
Growth rate previous period, Seasonally Adjusted
ULQEUL01EEQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.63
Year-over-Year Change
-23.87%
Date Range
4/1/1995 - 1/1/2025
Summary
The Growth Rate Previous Period, Seasonally Adjusted metric measures the quarter-over-quarter change in real gross domestic product, which is a key indicator of economic growth and health.
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 economic trend provides a seasonally adjusted, annualized rate of change in real GDP from the previous quarter. It is a widely-watched statistic used by policymakers, analysts, and economists to assess the momentum and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Historical Context
This metric informs decisions around monetary and fiscal policy as well as market expectations.
Key Facts
- GDP growth has averaged 2.3% annually since 1980.
- The record high quarterly growth rate was 16.9% in 1950.
- Growth turned negative during the Great Recession, reaching -8.4% in Q4 2008.
FAQs
Q: What does this economic trend measure?
A: This metric measures the quarter-over-quarter change in real gross domestic product (GDP), which is the broadest indicator of economic activity and growth in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial statistic used by policymakers, investors, and economists to assess the health and trajectory of the U.S. economy. It informs decisions around monetary policy, fiscal policy, and market expectations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for the Federal Reserve and other policymakers when setting monetary and fiscal policies aimed at maintaining stable economic growth and low inflation.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with an initial 'advance' estimate followed by two subsequent revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (ULQEUL01EEQ657S), retrieved from FRED.