Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU02EEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.91
Year-over-Year Change
-14.01%
Date Range
1/1/1995 - 1/1/2011
Summary
The Index 2010=1, Quarterly, Seasonally Adjusted series measures the quarterly unit labor costs in the U.S. business sector, adjusted for seasonal variations. This metric is a key indicator of inflationary pressure and labor market dynamics.
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 growth in labor costs per unit of output, providing insight into the relationship between productivity and compensation. It is closely monitored by economists and policymakers to assess the broader economic landscape.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on quarterly surveys of businesses.
Historical Context
The unit labor cost index is a valuable input for the Federal Reserve and other institutions when evaluating monetary policy and employment trends.
Key Facts
- The index uses 2010 as the base year, with a value of 1.
- Quarterly data is reported, adjusted for seasonal variations.
- Rising unit labor costs can signal potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Quarterly, Seasonally Adjusted series measures the growth in unit labor costs in the U.S. business sector on a quarterly basis, adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key indicator of inflationary pressure and labor market dynamics, providing insights into the relationship between productivity and compensation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on quarterly surveys of businesses.
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 when evaluating monetary policy and employment trends.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a short delay, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU02EEQ661S), retrieved from FRED.