Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Sweden
Index 2015=100, Not Seasonally Adjusted
ULQECU01SEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.02
Year-over-Year Change
11.58%
Date Range
1/1/1993 - 4/1/2023
Summary
The 'Index 2015=100, Not Seasonally Adjusted' economic trend measures the unit labor costs of the U.S. economy, providing insight into productivity and inflationary pressures.
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 index tracks changes in the cost of labor required to produce one unit of output, reflecting a combination of wage levels, productivity, and prices. It is a key indicator used by economists and policymakers to assess the economy's overall competitive position and inflationary risks.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of compensation and productivity.
Historical Context
The unit labor cost index informs decisions around monetary and fiscal policy to maintain stable prices and economic growth.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- Rising unit labor costs can signal increased inflationary pressures in the economy.
- Lower unit labor costs may indicate improved productivity and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Not Seasonally Adjusted' tracks changes in the unit labor costs of the U.S. economy, which reflect a combination of wages, productivity, and prices.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the economy's competitive position and inflationary risks, informing decisions around monetary and fiscal policy.
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 compensation and productivity.
Q: How is this trend used in economic policy?
A: The unit labor cost index is used by economists and policymakers to assess the economy's overall competitive position and inflationary pressures, informing decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Labor Statistics, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Index 2015=100, Not Seasonally Adjusted (ULQECU01SEQ661N), retrieved from FRED.