Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Australia
Index 2015=100, Seasonally Adjusted
ULQECU01AUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.43
Year-over-Year Change
13.07%
Date Range
7/1/1976 - 7/1/2023
Summary
The Index 2015=100, Seasonally Adjusted series measures changes in the unit labor costs for the U.S. manufacturing sector. 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 index tracks changes in the total labor costs per unit of output, accounting for both wages and productivity. Economists closely monitor this data to assess the competitiveness of U.S. manufacturing and potential impacts on consumer prices.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
Policymakers and analysts use this index to inform monetary, fiscal, and trade policy decisions.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- Rising unit labor costs can signal increased inflationary pressures.
- This metric provides insights into the competitive position of U.S. manufacturing.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Seasonally Adjusted series tracks changes in unit labor costs for the U.S. manufacturing sector, a key indicator of productivity and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to assess the competitiveness of U.S. manufacturing and potential impacts on consumer prices.
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: Policymakers and analysts use this index to inform monetary, fiscal, and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more information becomes available.
Related Trends
Monetary Aggregates and Their Components: Broad Money and Components: M3 for Australia
MABMM301AUA189N
Nominal Exports of Goods and Services for Australia
NXSAXDCAUQ
Value of Exports to Australia from Texas
TXAUSA052SCEN
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Australia
LREM24TTAUM156N
International Trade: Imports: Value (Goods): Total for Australia
XTIMVA01AUQ188S
Capital Account, Net (Excludes Exceptional Financing) for Australia
CANEEFAUA052N
Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (ULQECU01AUQ661S), retrieved from FRED.