Percent Change, Annual, Not Seasonally Adjusted
Index 2010=1, Quarterly
ULQBBU04HUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.57
Year-over-Year Change
19.44%
Date Range
1/1/1995 - 1/1/2011
Summary
The Index 2010=1, Quarterly trend measures changes in unit labor costs for the non-farm business sector in the United States on a quarterly basis. This metric is closely watched by economists and policymakers as an indicator of 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 tracks changes in the ratio of hourly compensation to output per hour for the non-farm business sector. It provides insight into the relationship between labor costs and productivity, which influences inflation, corporate profits, and employment decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and output per hour.
Historical Context
The Index 2010=1, Quarterly is a key input for the Federal Reserve and other policymakers in evaluating the economy's inflationary trajectory.
Key Facts
- The base year for the index is 2010.
- Quarterly data is available from 1947 to the present.
- Rising unit labor costs can signal potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Quarterly measures changes in unit labor costs for the non-farm business sector in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the relationship between labor costs and productivity, which influences inflation, corporate profits, and employment decisions.
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 output per hour.
Q: How is this trend used in economic policy?
A: The Index 2010=1, Quarterly is a key input for the Federal Reserve and other policymakers in evaluating the economy's inflationary trajectory.
Q: Are there update delays or limitations?
A: Quarterly data is available from 1947 to the present with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly (ULQBBU04HUQ661N), retrieved from FRED.