Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU06AUQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
-8.71%
Date Range
7/1/1970 - 7/1/2011
Summary
This economic index measures the overall trend in unit labor costs, a key indicator of inflationary pressures and productivity. It is closely watched by policymakers and analysts to assess the health of the U.S. 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 tracks changes in the cost of labor required to produce one unit of output. It represents the relationship between compensation per hour worked and labor productivity, providing insight into a company's pricing and profitability.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of employee compensation and output.
Historical Context
The Unit Labor Cost Index is used by the Federal Reserve and other institutions to evaluate employment, inflation, and overall economic conditions.
Key Facts
- The index is based on 2010 as the baseline year (2010 = 1).
- Rising unit labor costs can signal higher inflation and diminished profitability.
- The data is released quarterly on a non-seasonally adjusted basis.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost Index tracks changes in the cost of labor required to produce one unit of output, providing insight into productivity and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: The Unit Labor Cost Index is a key indicator used by policymakers and economists to assess the overall health of the U.S. economy and potential inflationary risks.
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 employee compensation and output.
Q: How is this trend used in economic policy?
A: The Unit Labor Cost Index is closely monitored by the Federal Reserve and other institutions to evaluate employment, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly on a non-seasonally adjusted basis, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU06AUQ662N), retrieved from FRED.