Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Czech Republic
Growth rate previous period, Seasonally Adjusted
ULQECU01CZQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
-79.35%
Date Range
4/1/1995 - 7/1/2023
Summary
The Growth Rate Previous Period, Seasonally Adjusted, measures the rate of change in economic output compared to the prior period, with seasonal variations removed. 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 series tracks the quarter-over-quarter percent change in real gross domestic product (GDP), adjusted for seasonal fluctuations. It is a widely-used gauge of the economy's underlying momentum and a crucial data point for economists and policymakers.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the health of the economy and guide fiscal and monetary policies.
Key Facts
- Measured as a quarterly, seasonally adjusted percent change.
- A positive value indicates economic expansion; negative value indicates contraction.
- Provides a timely signal of changes in the business cycle.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarter-over-quarter percent change in real gross domestic product (GDP), adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the economy's underlying growth momentum and a key input for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess the health of the economy and guide fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of several weeks after the end of the reporting period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (ULQECU01CZQ657S), retrieved from FRED.