Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Australia
Index 2015=100, Seasonally Adjusted
ULQEUL01AUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.56
Year-over-Year Change
12.42%
Date Range
7/1/1976 - 7/1/2023
Summary
The 'Index 2015=100, Seasonally Adjusted' series measures the unit labor costs in the U.S. economy. This metric is crucial for policymakers and economists to understand inflationary pressures and productivity trends.
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
Unit labor costs represent the average cost of labor per unit of output and are calculated as the ratio of total labor compensation to real output. This index provides insight into the underlying drivers of inflation and labor market dynamics.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in unit labor costs help inform monetary and fiscal policy decisions.
Key Facts
- Base year for the index is 2015.
- Measures cost per unit of real output.
- Seasonally adjusted to remove periodic fluctuations.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Seasonally Adjusted' series measures the unit labor costs in the U.S. economy, which represent the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide important insights into inflationary pressures, labor productivity, and the overall health of the economy, making this metric crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs help inform monetary and fiscal policy decisions, as they provide insights into the underlying drivers of inflation and labor market dynamics.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the U.S. Bureau of Labor Statistics, but may have some delay compared to real-time economic conditions.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Australia
LRUN24MAAUQ156S
Bank's Cost to Income Ratio for Australia
DDEI07AUA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Australia
CPGREN01AUA659N
National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Australia
AUSGFCEQDSMEI
Fiscal Situation of General Government: Gross Debt Position for Australia
AUSGGXWDGG01GDPPT
Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Australia
CSCICP03AUM665S
Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (ULQEUL01AUQ661S), retrieved from FRED.