Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Portugal
Index 2015=100, Not Seasonally Adjusted
ULQEUL01PTQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.22
Year-over-Year Change
12.09%
Date Range
1/1/1995 - 7/1/2023
Summary
The 'Index 2015=100, Not Seasonally Adjusted' economic trend measures the unit labor costs in the United States. It is a key indicator of productivity and inflation pressures 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
This index tracks the ratio of hourly compensation to labor productivity for the total economy. It provides insight into the underlying cost pressures faced by businesses and the potential for inflation in the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of employee compensation and output.
Historical Context
The unit labor costs index is closely monitored by the Federal Reserve and other policymakers to assess the economic climate and guide monetary policy decisions.
Key Facts
- The index is benchmarked to 100 in 2015.
- Rising unit labor costs can signal increasing inflationary pressures.
- The trend is released quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Not Seasonally Adjusted' measures the ratio of hourly compensation to labor productivity for the total U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the underlying cost pressures faced by businesses and the potential for inflation in the broader economy, making it a key indicator for economists and policymakers.
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 employee compensation and output.
Q: How is this trend used in economic policy?
A: The unit labor costs index is closely monitored by the Federal Reserve and other policymakers to assess the economic climate and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The trend is released quarterly by the Bureau of Labor Statistics, with some potential for minor delays in data publication.
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Citation
U.S. Federal Reserve, Index 2015=100, Not Seasonally Adjusted (ULQEUL01PTQ661N), retrieved from FRED.