Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU02EEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
21.52%
Date Range
1/1/1995 - 1/1/2010
Summary
This economic trend measures the index of unit labor costs for the U.S. business sector, providing insights into 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 cost index tracks the cost of labor required to produce one unit of output, offering a perspective on the relationship between wages, productivity, and inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output, employment, and compensation.
Historical Context
Analysts and policymakers use this index to assess the competitiveness of U.S. businesses and the potential for cost-driven inflation.
Key Facts
- The index is based on 2010 as the reference year (2010=1).
- Rising unit labor costs can signal potential inflationary pressures.
- The data is released annually by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of unit labor costs for the U.S. business sector, which tracks the cost of labor required to produce one unit of output.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index provides insights into productivity and inflationary pressures, making it relevant for analysts and policymakers assessing the competitiveness of U.S. businesses.
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, employment, and compensation.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to assess the potential for cost-driven inflation and the competitiveness of U.S. businesses.
Q: Are there update delays or limitations?
A: The data is released annually by the U.S. Bureau of Labor Statistics, with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU02EEA661N), retrieved from FRED.