Annual, Not Seasonally Adjusted
ULQBBC07PTA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,799,218,545.50
Year-over-Year Change
47.03%
Date Range
1/1/2000 - 1/1/2010
Summary
This series measures annual, not seasonally adjusted unit labor costs in the U.S. private business sector. Unit labor costs are a key economic indicator that track changes in labor costs per unit of output.
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 metric provides insight into inflationary pressures and productivity trends.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using compensation and productivity measures.
Historical Context
Unit labor cost trends are closely monitored by the Federal Reserve and other policymakers to assess macroeconomic conditions.
Key Facts
- Unit labor costs rose 3.3% in 2021.
- Productivity growth averaged 1.5% annually from 2010-2020.
- The U.S. private business sector accounts for about 75% of GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures annual, not seasonally adjusted unit labor costs in the U.S. private business sector. Unit labor costs track changes in labor costs per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs provide insights into inflationary pressures and productivity trends, which are closely monitored by the Federal Reserve and other policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using compensation and productivity measures.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are used by the Federal Reserve and other institutions to assess macroeconomic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unit labor cost data is published by the Bureau of Labor Statistics with a typical lag of several months.
Related Trends
Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Portugal
IDSGAMRIAOPT
Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Portugal
PRTB6FARA01CXCUQ
Consumer Price Index: All Items: Total for Portugal
PRTCPALTT01IXNBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Portugal
PRTCP030000IXOBM
Consumer Price Index: Communication (COICOP 08): Total for Portugal
PRTCP080000GPQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Portugal
PRTCP040500GYQ
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ULQBBC07PTA189S), retrieved from FRED.