Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Portugal
ULQELP01PTQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.31
Year-over-Year Change
-102.34%
Date Range
4/1/1995 - 7/1/2023
Summary
The Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Portugal tracks the total labor productivity in Portugal, providing valuable insights for economists and policymakers.
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 series measures the ratio of labor compensation to real output, indicating the cost of labor required to produce one unit of output in the Portuguese economy. It is a key indicator of inflationary pressures and competitiveness.
Methodology
The data is calculated based on official labor force and national accounts statistics from Portugal.
Historical Context
This trend is widely used by central banks, governments, and market analysts to assess economic performance and inform policy decisions.
Key Facts
- Portugal's unit labor costs reached a high of 105.78 in Q2 2020.
- The trend has shown significant volatility over the past decade.
- Unit labor costs are a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor productivity in Portugal, which is calculated as the ratio of labor compensation to real output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a crucial indicator of inflationary pressures and competitiveness, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on official labor force and national accounts statistics from Portugal.
Q: How is this trend used in economic policy?
A: This trend is widely used by central banks, governments, and market analysts to assess economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability of official statistics from Portugal, which may result in occasional update delays.
Related Trends
Consumer Price Index: All Items: Total for Portugal
PRTCPALTT01IXNBM
Liquid Liabilities (Broad Money) for Portugal
DDOI07PTA648NWDB
Producer Prices Index: Economic Activities: Energy: Domestic for Portugal
PIEAEN02PTA661N
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Portugal
LFUNTTMAPTA647N
Nominal Total Credit to General Government, Adjusted for Breaks, for Portugal
QPTGAN770A
Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Seasonal Food for Portugal
00XESEPTM086NEST
Citation
U.S. Federal Reserve, Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Portugal (ULQELP01PTQ657S), retrieved from FRED.