Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU01HUA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
81.90%
Date Range
1/1/1992 - 1/1/2010
Summary
This index measures the annual, not seasonally adjusted trend in unit labor costs, a key economic indicator that reflects changes in labor productivity and inflation pressure.
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 average cost of labor per unit of output, providing insights into the relationship between worker compensation and productivity. It is a widely used metric for evaluating inflationary risks and macroeconomic performance.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
Policymakers and analysts closely monitor unit labor costs to gauge the potential for future price changes and inform monetary and fiscal policy decisions.
Key Facts
- The index is based on 2010 as the base year (2010=1).
- Unit labor costs represent 61% of total U.S. business sector costs.
- Rising unit labor costs can signal increasing inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This index measures the annual, not seasonally adjusted trend in unit labor costs, which reflect the average cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and labor productivity, providing insights that inform economic policymaking and business decision-making.
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 hourly compensation and productivity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor unit labor costs to gauge the potential for future price changes and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The unit labor cost index is published quarterly with a lag, and may be subject to revisions as additional data becomes available.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU01HUA662N), retrieved from FRED.