Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU01CAA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
29.36%
Date Range
1/1/1970 - 1/1/2010
Summary
This index measures the annual, not seasonally adjusted trend in unit labor costs for the U.S. economy. It is a key indicator of inflationary pressures and productivity changes.
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 changes in the cost of labor per unit of output, reflecting both wage growth and productivity. It is used by economists and policymakers to assess the impact of labor costs on inflation and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on labor compensation and productivity measures.
Historical Context
The unit labor cost trend provides important context for monetary and fiscal policy decisions.
Key Facts
- The index uses 2010 as the base year of 1.
- Rising unit labor costs can signal higher inflation risk.
- The trend tracks the cost of labor per unit of output.
FAQs
Q: What does this economic trend measure?
A: The unit labor cost index measures changes in the cost of labor per unit of output produced in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost trend is a key indicator of inflationary pressures and productivity changes, providing important context for economic policymaking.
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 labor compensation and productivity.
Q: How is this trend used in economic policy?
A: The unit labor cost trend provides important information for monetary and fiscal policymakers assessing the economic outlook and inflationary risks.
Q: Are there update delays or limitations?
A: The unit labor cost data is published quarterly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU01CAA662N), retrieved from FRED.