Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Estonia
Growth rate same period previous year, Seasonally Adjusted
ULQEUL01EEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.97
Year-over-Year Change
-66.10%
Date Range
1/1/1996 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of the Underlying Legal-Entity Quarterly Employment series, seasonally adjusted. It provides insight into the pace of employment changes over time.
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 Growth rate same period previous year, Seasonally Adjusted metric tracks the annualized percent change in quarterly employment data compared to the same quarter a year earlier. This key labor market indicator is used by economists and policymakers to analyze employment trends and assess the broader health of the economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on employment records.
Historical Context
This series is closely monitored by the Federal Reserve and other institutions to inform economic and policy decision-making.
Key Facts
- The series is seasonally adjusted to account for regular employment fluctuations.
- Positive values indicate year-over-year employment growth, while negative values signal contraction.
- Data is released quarterly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in quarterly employment, providing insight into the pace of job creation or loss over time.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of economic health and a primary input for policymakers and analysts when assessing the state of the labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on employment records.
Q: How is this trend used in economic policy?
A: This employment growth metric is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions and assessments of the overall economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve, so there may be a short delay between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Seasonally Adjusted (ULQEUL01EEQ659S), retrieved from FRED.