Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Czech Republic
Growth rate same period previous year, Seasonally Adjusted
ULQEUL01CZQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.12
Year-over-Year Change
-15.81%
Date Range
1/1/1996 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of the seasonally adjusted employment-population ratio, which indicates changes in the level of employment relative to the total working-age population.
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
The employment-population ratio is a key labor market indicator that provides insight into the strength and utilization of the workforce. Tracking the growth rate compared to the prior year helps analysts and policymakers understand employment trends and broader economic conditions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The employment-population ratio reached a low of 51.3% in April 2020 during the COVID-19 pandemic.
- In January 2023, the year-over-year growth rate was 1.9%.
- This metric provides insight into the overall health and utilization of the labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the seasonally adjusted employment-population ratio, which indicates changes in the level of employment relative to the total working-age population.
Q: Why is this trend relevant for users or analysts?
A: The employment-population ratio is a key labor market indicator that provides insight into the strength and utilization of the workforce. Tracking the growth rate compared to the prior year helps analysts and policymakers understand employment trends and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Seasonally Adjusted (ULQEUL01CZQ659S), retrieved from FRED.