Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Portugal
Index 2015=100, Seasonally Adjusted
ULQECU01PTQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.02
Year-over-Year Change
18.94%
Date Range
1/1/1995 - 7/1/2023
Summary
The Index 2015=100, Seasonally Adjusted measures the level of unit labor costs in the U.S. private nonfarm business sector. This key economic indicator provides insights into 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
Unit labor costs represent the average cost of labor per unit of output. This metric is closely watched by policymakers and analysts as a gauge of domestic inflationary pressures and competitiveness in the global economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
Trends in unit labor costs can inform monetary policy decisions and analysis of the overall health of the U.S. economy.
Key Facts
- Unit labor costs rose 6.3% in Q4 2022 compared to a year earlier.
- Rapid growth in unit labor costs can signal increased inflationary pressures.
- Unit labor costs are a key input for the Federal Reserve's analysis of the economy.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Seasonally Adjusted measures the level of unit labor costs in the U.S. private nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a closely watched indicator that provides insights into inflationary pressures and productivity trends in the U.S. 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: Trends in unit labor costs can inform monetary policy decisions and analysis of the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics with typical update delays of several weeks.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Portugal
LRUN24MAPTA156N
Credit to Government and State-Owned Enterprises to GDP for Portugal
DDEI08PTA156NWDB
Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Portugal
CP0723PTM086NEST
National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Portugal
PRTGFCFQDSMEI
International Trade: Imports: Value (Goods): Total for Portugal
XTIMVA01PTA188S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Portugal
PRTCP040400GYM
Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (ULQECU01PTQ661S), retrieved from FRED.