Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU02HUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
4.69%
Date Range
1/1/1995 - 1/1/2011
Summary
The Index 2010=1, Quarterly, Seasonally Adjusted metric tracks changes in unit labor costs for the U.S. business sector on a quarterly basis. This metric is a key indicator of 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 measures the average cost of labor per unit of output, reflecting both employee compensation and labor productivity. It is a valuable metric for economists and policymakers to assess trends in labor market efficiency and potential inflationary impacts.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on quarterly surveys of businesses.
Historical Context
Unit labor cost trends are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The index has a base year of 2010 = 1.
- Data is reported quarterly on a seasonally adjusted basis.
- Rising unit labor costs can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Quarterly, Seasonally Adjusted metric tracks changes in unit labor costs for the U.S. business sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost is a key indicator of productivity and inflationary pressures, providing valuable insights for 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 quarterly surveys of businesses.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical release schedule and no known major limitations.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU02HUQ661S), retrieved from FRED.