Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Portugal
Growth rate previous period, Seasonally Adjusted
ULQECU01PTQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
-93.22%
Date Range
4/1/1995 - 7/1/2023
Summary
This economic trend measures the growth rate of real gross domestic product (GDP) from the previous period, adjusted for seasonal variations. It provides insights into the overall health and momentum of the U.S. economy.
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 growth rate previous period, seasonally adjusted metric tracks the quarter-over-quarter change in real GDP, a key indicator of economic performance. It is widely used by economists, policymakers, and analysts to assess the pace of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic data sources.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Real GDP grew 2.9% in Q4 2022.
- The growth rate has averaged 2.3% over the past 10 years.
- The metric reached a low of -31.2% in Q2 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of real gross domestic product (GDP), adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of real GDP is a key indicator of the overall health and momentum of the U.S. economy, and is closely watched by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic data sources.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this trend to inform monetary and fiscal policy decisions that aim to promote stable economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a delay of approximately one month after the end of each quarter.
Related Trends
Unemployment to Population Rate: All Ages: All Persons for Portugal
LRUPTTTTPTA156N
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for Portugal
LFEMTTFEPTA647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Portugal
PRTCPIENGAINMEI
Liquid Assets to Deposits and Short Term Funding for Portugal
DDSI06PTA156NWDB
Infra-Annual Labor Statistics: Inactivity Rate Female: From 25 to 54 Years for Portugal
LRIN25FEPTQ156N
Harmonized Index of Consumer Prices: Overall Index Excluding Housing, Water, Electricity, Gas, and Other Fuels for Portugal
00XHOUPTM086NEST
Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (ULQECU01PTQ657S), retrieved from FRED.