Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Austria
Index 2015=100, Not Seasonally Adjusted
ULQELP01ATQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.25
Year-over-Year Change
-0.28%
Date Range
1/1/1995 - 7/1/2023
Summary
The Index 2015=100, Not Seasonally Adjusted trend measures the level of unit labor costs in the nonfarm business sector, a key indicator of inflationary pressures in the broader 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
This index tracks changes in the cost of labor per unit of output, reflecting both employee compensation and productivity. Economists closely monitor unit labor costs as a predictor of future inflation and to assess competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of labor compensation and productivity.
Historical Context
Policymakers and analysts use this index to inform decisions around monetary and fiscal policy.
Key Facts
- The index is benchmarked to 2015 = 100.
- Unit labor costs rose 3.3% in 2022 compared to the prior year.
- Rising unit labor costs can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Not Seasonally Adjusted measures the level of unit labor costs in the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Economists closely monitor unit labor costs as a predictor of future inflation and to assess the competitiveness of 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 labor compensation and productivity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is published quarterly with a brief delay from the end of the reference period.
Related Trends
Production: Manufacturing: Total Manufacturing for Austria
AUTPRMNTO01GPSAM
Harmonized Index of Consumer Prices: Overall Index Excluding Liquid Fuels and Lubricants for Personal Transport Equipment for Austria
00XFUEATM086NEST
Bank Lending Deposit Spread for Austria
DDEI02ATA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Austria
AUTCP040400IXOBM
Real Broad Effective Exchange Rate for Austria
RBATBIS
Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Austria
AUTB6FATT01CXCUQ
Citation
U.S. Federal Reserve, Index 2015=100, Not Seasonally Adjusted (ULQELP01ATQ661N), retrieved from FRED.