Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Portugal
Index 2015=100, Seasonally Adjusted
ULQEUL01PTQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.34
Year-over-Year Change
11.43%
Date Range
1/1/1995 - 7/1/2023
Summary
The Index 2015=100, Seasonally Adjusted tracks changes in U.S. unit labor costs, a key indicator of inflationary pressures in the 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 measures the ratio of hourly compensation to labor productivity, providing insights into labor market dynamics and their potential impact on consumer prices.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of employee compensation and labor productivity.
Historical Context
This metric is closely monitored by the Federal Reserve and other policymakers to assess inflationary risks and inform monetary policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Seasonally adjusted data accounts for regular variations throughout the year.
- Unit labor costs reflect the price of labor per unit of output.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Seasonally Adjusted tracks changes in U.S. unit labor costs, which measure the price of labor per unit of real output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and their potential impact on consumer prices, making it a key indicator 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 employee compensation and labor productivity.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this metric to assess inflationary risks and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (ULQEUL01PTQ661S), retrieved from FRED.