Harmonized Unemployment: Aged 25 and Over: Females for the European Union
Percent, Annual, Not Seasonally Adjusted
LRHUADFEEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.88
Year-over-Year Change
-13.90%
Date Range
1/1/2000 - 1/1/2019
Summary
This economic trend measures the annual percent change in unit labor costs for the U.S. manufacturing sector, providing insights into inflationary pressures and 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
The Percent, Annual, Not Seasonally Adjusted metric tracks the year-over-year percent change in unit labor costs, which combine wages, benefits, and productivity to gauge the cost of labor per unit of output. This measure is widely used by economists and policymakers to analyze trends in labor market dynamics and their potential impact on inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
Monitoring unit labor cost trends is crucial for the Federal Reserve and other policymakers in assessing the state of the economy and informing monetary policy decisions.
Key Facts
- Unit labor costs represent the total labor costs required to produce one unit of output.
- Annual percent changes in unit labor costs can signal changes in inflationary pressures.
- Declining unit labor costs may indicate rising productivity, which can boost economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in unit labor costs for the U.S. manufacturing sector, which combines wages, benefits, and productivity to gauge the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Monitoring unit labor cost trends is crucial for economists and policymakers in assessing inflationary pressures and labor market dynamics, which can inform decisions on monetary policy and economic strategy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor unit labor cost trends to assess the state of the economy and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of several weeks after the reference period.
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Citation
U.S. Federal Reserve, Percent, Annual, Not Seasonally Adjusted (LRHUADFEEUA156S), retrieved from FRED.