Index 2010=1, Trend, Quarterly
ULQBBU02LUQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.95
Year-over-Year Change
14.65%
Date Range
1/1/1985 - 7/1/2011
Summary
The Index 2010=1, Trend, Quarterly series measures the relative change in unit labor costs over time in the nonfarm business sector of the U.S. economy. This trend is a key indicator of inflationary pressures and labor productivity.
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 Index 2010=1, Trend, Quarterly tracks changes in unit labor costs, which represent the average cost of labor per unit of output. This metric provides insights into the dynamics between worker compensation, productivity, and pricing decisions by businesses.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
Policymakers and analysts use this index to assess the health of the labor market and inflationary risks.
Key Facts
- The base year for this index is 2010.
- Unit labor costs reflect both wages and labor productivity.
- Rising unit labor costs can signal inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Trend, Quarterly measures changes in unit labor costs, which represent the average cost of labor per unit of output produced in the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into labor productivity and inflationary pressures, making it a key indicator for policymakers and market analysts.
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 hourly compensation and productivity.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the health of the labor market and monitor potential inflationary risks.
Q: Are there update delays or limitations?
A: The Index 2010=1, Trend, Quarterly data is published quarterly by the U.S. Federal Reserve with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly (ULQBBU02LUQ662N), retrieved from FRED.