Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Sweden
Growth rate same period previous year, Seasonally Adjusted
ULQECU01SEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.46
Year-over-Year Change
131.32%
Date Range
1/1/1994 - 7/1/2023
Summary
The 'Growth rate same period previous year, Seasonally Adjusted' measures the year-over-year change in economic output, providing insight into the pace of economic growth.
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 tracks the annual percent change in a key measure of production, adjusted for seasonal variations. It is widely used by economists and policymakers to assess the overall health and trajectory of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on reports of gross domestic product.
Historical Context
This growth rate trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The growth rate reached a high of 8.1% in Q3 2021.
- It has averaged 2.3% annually over the past decade.
- Negative growth rates signal an economic recession.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Seasonally Adjusted' measures the year-over-year percent change in real gross domestic product (GDP), a key indicator of economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend provides critical insight into the pace of economic expansion or contraction, helping policymakers, businesses, and consumers make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on reports of gross domestic product.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this growth rate trend to inform monetary and fiscal policy decisions that can stimulate or moderate economic activity.
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.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Seasonally Adjusted (ULQECU01SEQ659S), retrieved from FRED.