Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU05ATQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
6.95%
Date Range
1/1/1976 - 1/1/2011
Summary
This economic indicator measures the trend in unit labor costs, which reflects the relationship between productivity and labor compensation. It is a key metric for assessing inflationary pressures and competitiveness.
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 changes in the cost of labor per unit of output, providing insight into the dynamics between worker productivity, wages, and overall business costs. This metric is closely monitored by economists and policymakers to gauge economic conditions and inflationary risks.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and labor compensation.
Historical Context
Unit labor cost trends are used to inform monetary and fiscal policy decisions, as well as business investment strategies.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Quarterly data, not seasonally adjusted.
- Tracked by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The unit labor cost index measures the relationship between worker productivity and labor compensation, providing insight into inflationary pressures and business competitiveness.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends are closely monitored by economists and policymakers to assess economic conditions and inform decisions on monetary, fiscal, and business strategies.
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 output and labor compensation.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are used to inform monetary and fiscal policy decisions, as well as business investment strategies, due to their implications for inflation and competitiveness.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU05ATQ662N), retrieved from FRED.