Quarterly
BPFATT02CZQ636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,051,500,000.00
Year-over-Year Change
-50.47%
Date Range
1/1/1993 - 4/1/2014
Summary
The Quarterly Percentage Change in Unit Labor Costs measures the change in labor costs per unit of output in the U.S. nonfarm business sector on a quarterly basis. This metric is a key indicator of inflationary pressures and productivity trends.
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
The Quarterly Percentage Change in Unit Labor Costs tracks the changes in total labor costs, including wages and benefits, relative to the amount of output produced. It provides insight into the efficiency of production and is used by policymakers and economists to assess economic conditions and inflationary risks.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of compensation and productivity.
Historical Context
This metric is closely monitored by the Federal Reserve and other policymakers as a leading indicator of inflation and overall economic health.
Key Facts
- Unit labor costs rose 2.4% in Q4 2022.
- Productivity declined 3.0% in Q4 2022.
- Compensation per hour increased 1.5% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Percentage Change in Unit Labor Costs measures the change in labor costs per unit of output in the U.S. nonfarm business sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the efficiency of production and is used by policymakers and economists to assess economic conditions and inflationary risks.
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 compensation and productivity.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other policymakers as a leading indicator of inflation and overall economic health.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, with a typical delay of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly Percentage Change in Unit Labor Costs (BPFATT02CZQ636N), retrieved from FRED.