Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Japan
Index 2015=100, Not Seasonally Adjusted
ULQEUL01JPQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.58
Year-over-Year Change
0.15%
Date Range
1/1/1980 - 7/1/2023
Summary
The 'Index 2015=100, Not Seasonally Adjusted' measures the unit labor costs for the manufacturing sector in Japan. This key economic indicator is closely watched by policymakers and analysts to gauge productivity and inflationary pressures.
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
Unit labor costs track the average cost of labor per unit of output, reflecting both productivity and wage changes. This index provides insight into Japan's manufacturing competitiveness and inflationary dynamics that are crucial for economic policy decisions.
Methodology
The data is calculated by the U.S. Federal Reserve using labor compensation and productivity statistics from Japan.
Historical Context
This index is widely used by economists, investors, and policymakers to analyze Japan's economic performance and outlook.
Key Facts
- Base year for the index is 2015 = 100.
- Not adjusted for seasonal variations.
- Covers the manufacturing sector in Japan.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Not Seasonally Adjusted' measures the unit labor costs for the manufacturing sector in Japan.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into Japan's manufacturing competitiveness and inflationary pressures, which are crucial for economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using labor compensation and productivity statistics from Japan.
Q: How is this trend used in economic policy?
A: This index is widely used by economists, investors, and policymakers to analyze Japan's economic performance and outlook.
Q: Are there update delays or limitations?
A: The data is provided by the U.S. Federal Reserve and may have some update delays or limitations.
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Citation
U.S. Federal Reserve, Index 2015=100, Not Seasonally Adjusted (ULQEUL01JPQ661N), retrieved from FRED.