Percent Change, Quarterly, Not Seasonally Adjusted
AUTULCFBSQPNMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.91
Year-over-Year Change
87.63%
Date Range
4/1/1976 - 1/1/2011
Summary
This economic trend measures the quarterly percent change in unit labor costs for the U.S. manufacturing sector on a non-seasonally adjusted basis. It provides insights into inflationary pressures and labor productivity.
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, calculated as the ratio of total labor compensation to real output. This metric is widely used by economists and policymakers to analyze productivity, wage growth, and cost-push inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and compensation.
Historical Context
Tracking changes in unit labor costs is crucial for the Federal Reserve and other institutions when formulating monetary and fiscal policies.
Key Facts
- Unit labor costs rose 5.7% in Q4 2022 compared to the previous quarter.
- Productivity in the U.S. manufacturing sector fell 3.0% in Q4 2022.
- Rising unit labor costs can contribute to cost-push inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percent change in unit labor costs for the U.S. manufacturing sector on a non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs provide insights into labor productivity, wage growth, and inflationary pressures, making this metric crucial for economic analysis and policy decisions.
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 output and compensation.
Q: How is this trend used in economic policy?
A: Tracking changes in unit labor costs is important for the Federal Reserve and other institutions when formulating monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of about two months.
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Citation
U.S. Federal Reserve, Percent Change, Quarterly, Not Seasonally Adjusted (AUTULCFBSQPNMEI), retrieved from FRED.