Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Israel
Growth rate previous period, Seasonally Adjusted
ULQECU01ILQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.07
Year-over-Year Change
-97.49%
Date Range
4/1/1995 - 4/1/2023
Summary
The 'Growth rate previous period, Seasonally Adjusted' metric tracks the rate of change in economic unit labor costs over the prior period, adjusted for seasonal variations.
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 indicator provides insight into inflationary pressures and productivity trends, as unit labor costs represent a key driver of overall prices in the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
Policymakers and analysts closely monitor unit labor cost growth as an important input for monetary and fiscal policy decisions.
Key Facts
- Unit labor costs represent the cost of labor per unit of output.
- Faster growth in unit labor costs signals potential inflationary pressures.
- Seasonal adjustment removes recurring calendar-related fluctuations.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Seasonally Adjusted' metric tracks the rate of change in unit labor costs, which represent the cost of labor per unit of economic output.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into inflationary pressures and productivity trends, as unit labor costs are a key driver of overall prices in the economy.
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 hourly compensation and productivity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor unit labor cost growth as an important input for monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the source agency, and may have publication lags of several weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (ULQECU01ILQ657S), retrieved from FRED.