Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU01DKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.02
Year-over-Year Change
5.12%
Date Range
1/1/1988 - 4/1/2011
Summary
This index measures the unit labor costs of the U.S. business sector, providing insights into productivity and inflation 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 cost of labor per unit of output, serving as an important indicator of inflationary pressures and labor market efficiency.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of employee compensation and productivity.
Historical Context
This index is closely monitored by policymakers and economists to inform decisions on monetary and fiscal policy.
Key Facts
- The index is based on 2010 as the base year.
- Quarterly data is released with a lag of approximately two months.
- Rising unit labor costs can signal increased inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The index measures the unit labor costs of the U.S. business sector, which is the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into productivity and inflationary pressures, making it a key indicator for policymakers and economists.
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 productivity.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers and economists to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: Quarterly data is released with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU01DKQ661N), retrieved from FRED.