Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU02DEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.94
Year-over-Year Change
2.98%
Date Range
1/1/1970 - 1/1/2011
Summary
This economic trend measures the quarterly, not seasonally adjusted Index of Unit Labor Costs for the Business sector, with a base year of 2010. It is a key indicator of labor productivity and inflationary pressures.
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. It is a crucial metric used by economists and policymakers to assess labor market conditions, inflationary trends, and the overall health of the business sector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and labor compensation.
Historical Context
Trends in unit labor costs provide important context for monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2010 = 1.
- Data is reported on a quarterly, not seasonally adjusted basis.
- Rising unit labor costs can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Index of Unit Labor Costs for the Business sector tracks changes in the cost of labor per unit of output on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost data is a key indicator of labor productivity and inflationary pressures, providing important context for economic and policy analysis.
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 output and labor compensation.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs inform monetary and fiscal policy decisions by central banks and governments.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a short publication lag.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU02DEQ661N), retrieved from FRED.