Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU01O1A662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
26.48%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the index value of Unit Labor Costs, a key indicator of labor productivity and inflationary pressures in the U.S. economy.
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 Costs index tracks changes in the cost of labor per unit of output, providing insights into the relationship between wages, productivity, and prices. Economists and policymakers closely monitor this metric to assess the competitive position of U.S. businesses and the potential for future inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
Trends in unit labor costs are closely watched by the Federal Reserve and other institutions for their influence on monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2010 = 1.
- Unit labor costs measure the average cost of labor per unit of output.
- Increasing unit labor costs can signal potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index value of Unit Labor Costs, which track 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: Unit labor cost trends provide insights into labor productivity and the potential for future inflation, making them a key indicator monitored by economists and policymakers.
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: Trends in unit labor costs are closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU01O1A662N), retrieved from FRED.