Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU03HUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.02
Year-over-Year Change
5.30%
Date Range
1/1/1995 - 1/1/2011
Summary
This economic index measures the unit labor costs in the U.S. business sector, which is an important indicator of inflationary pressures and 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 Unit Labor Cost index tracks the average cost of labor per unit of output, providing insights into the relationship between compensation growth and productivity. It is a key metric used by policymakers and economists to assess the underlying trends in the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
The Unit Labor Cost index is closely monitored by the Federal Reserve and other agencies to inform monetary and fiscal policy decisions.
Key Facts
- The index is based on 2010 as the base year (2010=1).
- It is reported on a quarterly, seasonally adjusted basis.
- Rising unit labor costs can signal potential inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost index measures the average cost of labor per 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 provides insights into the relationship between compensation growth and productivity, which is a key indicator of inflationary pressures and an important input for policymakers.
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: The Unit Labor Cost index is closely monitored by the Federal Reserve and other agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Unit Labor Cost index is reported on a quarterly, seasonally adjusted basis, with some potential for minor revisions to prior periods.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU03HUQ661S), retrieved from FRED.