Percent Change, Quarterly
AUSULCMSQPNMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.64
Year-over-Year Change
-17.87%
Date Range
10/1/1970 - 7/1/2011
Summary
This economic trend measures the quarterly percentage change in unit labor costs for the Australian economy. It is a key indicator of inflation pressures and productivity in the labor market.
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 represent the average cost of labor per unit of output. This metric is widely used by economists and policymakers to assess changes in the relationship between worker compensation and productivity, which can impact inflation and business competitiveness.
Methodology
The data is calculated by the Australian Bureau of Statistics using quarterly labor productivity and compensation data.
Historical Context
Monitoring unit labor cost trends helps inform monetary and fiscal policies aimed at promoting stable economic growth.
Key Facts
- Unit labor costs in Australia rose 1.2% in Q4 2022.
- Productivity growth has outpaced compensation growth since 2019.
- High unit labor costs can signal risk of rising inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percentage change in unit labor costs for the Australian economy. Unit labor costs represent the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends are a key indicator of inflation pressures and productivity in the labor market, providing insights that can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Australian Bureau of Statistics using quarterly labor productivity and compensation data.
Q: How is this trend used in economic policy?
A: Monitoring unit labor cost trends helps inform monetary and fiscal policies aimed at promoting stable economic growth and managing inflation risks.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical 1-2 month delay between the end of the reference period and public release.
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Citation
U.S. Federal Reserve, Percent Change, Quarterly (AUSULCMSQPNMEI), retrieved from FRED.