Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU06AUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-8.66%
Date Range
7/1/1983 - 7/1/2011
Summary
This index measures the unit labor costs for the U.S. business sector on a quarterly basis, adjusted for seasonal variations. It is a key economic indicator used by policymakers and analysts to assess inflationary pressures and productivity trends.
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 growth in labor costs per unit of output, providing insights into labor productivity and inflationary pressures in the broader economy. It is a widely followed metric that informs monetary and fiscal policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on measures of output, employment, and compensation.
Historical Context
The unit labor cost index is closely monitored by the Federal Reserve and other policymakers to gauge inflationary risks and the overall health of the U.S. economy.
Key Facts
- The index is based on 2010 as the reference year.
- Quarterly data is reported with a seasonal adjustment.
- Rising unit labor costs can signal potential inflationary risks.
FAQs
Q: What does this economic trend measure?
A: The unit labor cost index measures the growth in labor costs per unit of output in the U.S. business sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into labor productivity and inflationary pressures, which are closely monitored by policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on measures of output, employment, and compensation.
Q: How is this trend used in economic policy?
A: The unit labor cost index is closely watched by the Federal Reserve and other policymakers to assess inflationary risks and the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a seasonal adjustment, and there may be some reporting delays compared to other economic indicators.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU06AUQ661S), retrieved from FRED.