Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU02ESQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
-2.20%
Date Range
1/1/1980 - 4/1/2011
Summary
This economic index measures the unit labor costs for the U.S. business sector on a quarterly basis. Unit labor costs are a key indicator of 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
The Unit Labor Cost index tracks the ratio of labor compensation to real output, providing insights into changes in labor productivity and business profitability. Economists and policymakers closely monitor this measure to assess the competitive position of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of total compensation and real output.
Historical Context
The Unit Labor Cost index is a valuable input for the Federal Reserve and other institutions in formulating economic and monetary policy.
Key Facts
- The index is set to a base of 100 in 2010.
- Rising unit labor costs can signal potential inflationary pressures.
- The index is published quarterly with a 1-quarter lag.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost index tracks the ratio of labor compensation to real output in the U.S. business sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into changes in labor productivity and business profitability, which are key indicators of inflationary pressures and the competitive position of the U.S. economy.
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 total compensation and real output.
Q: How is this trend used in economic policy?
A: The Unit Labor Cost index is a valuable input for the Federal Reserve and other institutions in formulating economic and monetary policy.
Q: Are there update delays or limitations?
A: The index is published quarterly with a 1-quarter lag.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU02ESQ661N), retrieved from FRED.