Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU04G7A662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
56.34%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the index of unit labor costs for the U.S. total economy. It provides insights into inflationary pressures and productivity changes across the overall 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 represents the relationship between compensation per hour and labor productivity. It serves as an important indicator of potential inflationary pressures and is closely monitored by policymakers and analysts.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using employment, compensation, and productivity statistics.
Historical Context
The unit labor cost index is a key input for the Federal Reserve and other institutions in assessing economic conditions and guiding policy decisions.
Key Facts
- The index is benchmarked to 2010 = 1.
- It is published on an annual, not seasonally adjusted basis.
- Rising unit labor costs can signal increased inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of unit labor costs for the total U.S. economy, which represents the relationship between compensation per hour and labor productivity.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key indicator of potential inflationary pressures and productivity changes, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using employment, compensation, and productivity statistics.
Q: How is this trend used in economic policy?
A: The unit labor cost index is a crucial input for the Federal Reserve and other institutions in assessing economic conditions and guiding monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on an annual, not seasonally adjusted basis, so there may be a delay in the latest information compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU04G7A662N), retrieved from FRED.