Nonfinancial Corporations Sector: Unit Nonlabor Costs for Employees
Percent Change at Annual Rate
PRS88003122 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.80
Year-over-Year Change
-76.85%
Date Range
4/1/1947 - 1/1/2025
Summary
The Percent Change at Annual Rate tracks the quarter-over-quarter rate of change in real gross domestic product (GDP), expressed at an annualized percentage. This metric is a key indicator of overall economic growth and performance.
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
This economic trend represents the annualized rate of change in real GDP, which is the broadest measure of total economic output in the United States. It is a widely-watched statistic used by policymakers, analysts, and investors to gauge the strength and direction of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP estimates.
Historical Context
The Percent Change at Annual Rate is a critical input for Federal Reserve monetary policy decisions and informs market expectations about the economy.
Key Facts
- Real GDP grew at a 2.9% annualized rate in Q4 2022.
- The fastest annualized GDP growth in 2022 was 3.2% in Q1.
- Negative annualized GDP growth in 2022 Q2 and Q3 signaled a technical recession.
FAQs
Q: What does this economic trend measure?
A: The Percent Change at Annual Rate measures the quarter-over-quarter growth rate of real gross domestic product (GDP) in the United States, expressed as an annualized percentage.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of overall economic performance and a key input for policy decisions by the Federal Reserve and other institutions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The Percent Change at Annual Rate informs Federal Reserve monetary policy and influences market expectations about the direction of the economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a short delay after the end of each reference period.
Similar PRS Trends
Nonfinancial Corporations Sector: Unit Nonlabor Costs for Employees
PRS88003121
Nonfinancial Corporations Sector: Employment for Employees
PRS88003013
Nonfinancial Corporations Sector: Profits for Employees
PRS88003181
Nonfinancial Corporations Sector: Output per Worker for Employees
PRS88003161
Nonfinancial Corporations Sector: Value-Added Output Price Deflator for Employees
PRS88003142
Nonfinancial Corporations Sector: Unit Labor Costs for Employees
PRS88003113
Citation
U.S. Federal Reserve, Percent Change at Annual Rate (PRS88003122), retrieved from FRED.