Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU03CZQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-1.08%
Date Range
1/1/1992 - 4/1/2011
Summary
This economic indicator measures the ratio of unit labor costs to total compensation, providing insight into labor productivity and cost trends for the U.S. economy.
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 changes in labor costs per unit of output, serving as an important metric for analyzing productivity, inflation, and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on quarterly surveys of businesses.
Historical Context
Economists and policymakers closely monitor unit labor costs to assess the overall health and inflationary pressure in the economy.
Key Facts
- The index is based on 2010 as the base year with a value of 1.
- Rising unit labor costs can signal inflationary pressures in the economy.
- Tracking this metric helps policymakers evaluate potential impacts on economic growth.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost Index measures the ratio of total labor compensation to real output, providing insight into labor productivity and cost trends.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressure and competitiveness, helping economists and policymakers assess the overall health of the economy.
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: Economists and policymakers closely monitor unit labor costs to evaluate potential impacts on growth, productivity, and inflation when making economic decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a brief delay, providing a timely but not real-time view of labor cost trends.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU03CZQ662N), retrieved from FRED.