Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for France
Growth rate previous period, Seasonally Adjusted
ULQECU01FRQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
-94.59%
Date Range
1/1/1960 - 7/1/2023
Summary
The Growth Rate Previous Period, Seasonally Adjusted measures the quarter-over-quarter change in real gross domestic product (GDP) for the United States. This key economic indicator provides insight into the pace of economic growth.
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 series represents the seasonally adjusted annualized rate of change in real GDP from the previous quarter. It is a widely followed metric used by economists, policymakers, and analysts to assess the health and momentum of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
Policymakers and market participants closely monitor this growth rate to inform economic and monetary policy decisions.
Key Facts
- Real GDP grew at an annualized rate of 2.9% in Q4 2022.
- The growth rate has averaged 2.3% over the past 10 years.
- Quarterly GDP growth rates can be volatile and subject to revisions.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Seasonally Adjusted measures the quarter-over-quarter change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insight into the pace of economic growth and is closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this growth rate to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: Quarterly GDP growth rates can be volatile and subject to revisions by the statistical agencies.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (ULQECU01FRQ657S), retrieved from FRED.