Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU01SEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.96
Year-over-Year Change
2.52%
Date Range
1/1/1993 - 1/1/2011
Summary
This index measures the unit labor costs for business, providing insights into 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 Cost index tracks the average cost of labor per unit of output, reflecting changes in both compensation and labor productivity. It is a key indicator for economists and policymakers in assessing economic conditions and inflation risks.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics using data on employee compensation and output.
Historical Context
The Unit Labor Cost index is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Quarterly data is reported on a not seasonally adjusted basis.
- Rising unit labor costs can signal potential inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost index measures the average cost of labor per unit of output, providing insights into changes in both employee compensation and labor productivity.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator for economists and policymakers in assessing the economic conditions and potential inflationary pressures in the U.S. economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics using data on employee compensation and output.
Q: How is this trend used in economic policy?
A: The Unit Labor Cost index is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis and is not seasonally adjusted.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU01SEQ661N), retrieved from FRED.