Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Sweden
Index 2015=100, Not Seasonally Adjusted
ULQELP01SEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.88
Year-over-Year Change
0.83%
Date Range
1/1/1993 - 7/1/2023
Summary
The Index 2015=100, Not Seasonally Adjusted measures the labor productivity of the nonfarm business sector in the United States. It is a key indicator for economists and policymakers to assess the efficiency and competitiveness of the U.S. 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 the output per hour worked in the nonfarm business sector, providing insights into productivity trends that drive long-term economic growth. It is widely used by analysts and policymakers to evaluate the health and potential of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked.
Historical Context
The productivity index is a critical input for economic policy decisions and macroeconomic analysis.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- It has increased by 12.5% since 2015, indicating rising productivity.
- Productivity growth is a key driver of long-term economic expansion.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Not Seasonally Adjusted measures the labor productivity of the nonfarm business sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into productivity trends that drive long-term economic growth, making it a critical metric for economists and policymakers.
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 real output and hours worked.
Q: How is this trend used in economic policy?
A: The productivity index is a critical input for economic policy decisions and macroeconomic analysis.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Not Seasonally Adjusted (ULQELP01SEQ661N), retrieved from FRED.