Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU04HUA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
118.91%
Date Range
1/1/1992 - 1/1/2010
Summary
This economic trend measures the index value of the U.S. unit labor cost, which reflects changes in labor productivity and hourly compensation.
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 labor market dynamics and inflationary pressures.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of productivity and compensation.
Historical Context
Economists and policymakers closely monitor unit labor costs as an indicator of overall economic competitiveness.
Key Facts
- The unit labor cost index is based on 2010 as the base year with a value of 1.
- Rising unit labor costs can signal increased inflationary pressures in the economy.
- Tracking unit labor costs helps assess international competitiveness of U.S. goods and services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index value of the U.S. unit labor cost, which reflects changes in labor productivity and hourly compensation.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of economic competitiveness and inflationary pressures, making this trend highly relevant for economists, policymakers, and market analysts.
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 productivity and compensation.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor unit labor costs as an indicator of overall economic competitiveness, which informs policy decisions.
Q: Are there update delays or limitations?
A: The unit labor cost index is published annually by the U.S. Bureau of Labor Statistics, with a typical data release lag of several months.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU04HUA662N), retrieved from FRED.