Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for France
Growth rate previous period, Seasonally Adjusted
ULQEUL01FRQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
-72.54%
Date Range
4/1/1949 - 1/1/2025
Summary
This economic trend measures the quarter-over-quarter growth rate of the unemployment level, adjusted for seasonal variations. It provides key insights into the labor market's dynamics and serves as an important indicator for economists and policymakers.
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 previous period, seasonally adjusted metric tracks the pace of change in the overall unemployment level in the United States on a quarterly basis. This data point is widely used to assess the strength and trajectory of the labor market, which is a critical component of the broader economy.
Methodology
The U.S. Bureau of Labor Statistics collects and calculates this data as part of the Current Population Survey.
Historical Context
This trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic stimulus.
Key Facts
- The growth rate is expressed as a percentage change from the previous quarter.
- Seasonal adjustments help isolate the underlying economic trends by removing predictable variations.
- Positive growth indicates an expanding labor market, while negative growth signals a contracting one.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of the overall unemployment level in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The unemployment growth rate is a critical indicator of the labor market's health and a key input for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data as part of the Current Population Survey and calculates the quarter-over-quarter growth rate.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this trend to inform decisions on monetary policy and economic stimulus measures.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics, with a typical lag of one to two months from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (ULQEUL01FRQ657S), retrieved from FRED.