Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU03PTQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
1.91%
Date Range
1/1/2000 - 1/1/2011
Summary
The Index 2010=1, Quarterly, Seasonally Adjusted trend measures changes in unit labor costs in the United States on a quarterly basis. This key metric is closely watched by policymakers and economists to assess 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 Index 2010=1, Quarterly, Seasonally Adjusted measures the changes in the ratio of hourly compensation to labor productivity for the nonfarm business sector. It provides insight into how compensation costs are changing relative to output, which is a key factor in understanding inflationary trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This index is used by the Federal Reserve and other economic analysts to inform monetary policy decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- It is released on a quarterly basis by the U.S. Bureau of Labor Statistics.
- The index reflects changes in both hourly compensation and labor productivity.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Quarterly, Seasonally Adjusted measures changes in unit labor costs, which is the ratio of hourly compensation to labor productivity in the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into inflationary pressures and productivity trends, which are crucial for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this index to inform monetary policy decisions and assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The index is released quarterly with a typical lag of several weeks, and it may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU03PTQ661S), retrieved from FRED.