Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU03HUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
6.57%
Date Range
1/1/1995 - 1/1/2011
Summary
This economic trend measures the index of unit labor costs in the business sector, a key indicator of labor productivity and inflationary pressures in 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 the cost of labor required to produce one unit of output. It is an important measure for economists and policymakers to assess the competitiveness of American businesses and potential impacts on inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of labor productivity and compensation.
Historical Context
The unit labor cost index helps inform monetary and fiscal policy decisions that aim to balance economic growth, employment, and price stability.
Key Facts
- Quarterly, not seasonally adjusted data.
- Index based on 2010 = 1 reference year.
- Measures changes in labor costs per unit of output.
FAQs
Q: What does this economic trend measure?
A: The unit labor cost index tracks changes in the cost of labor required to produce one unit of output in the U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is an important indicator of labor productivity and inflationary pressures, providing insights for economic policymakers and 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 labor productivity and compensation.
Q: How is this trend used in economic policy?
A: The unit labor cost index helps inform monetary and fiscal policy decisions that aim to balance economic growth, employment, and price stability.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may not capture all factors impacting labor costs and productivity.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU03HUQ661N), retrieved from FRED.