Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU06CZQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.04
Year-over-Year Change
11.27%
Date Range
1/1/1998 - 4/1/2011
Summary
This economic indicator tracks the Quarterly Nonfarm Business Sector: Unit Labor Costs index, which measures the cost of labor per unit of output. It is a key metric for analyzing productivity and 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 Unit Labor Costs index reflects changes in the cost of labor required to produce one unit of output. It is calculated as the ratio of hourly compensation to labor productivity. This metric provides insight into the relationship between compensation, productivity, and inflationary trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of businesses.
Historical Context
Policymakers and analysts use this index to assess the state of the economy and potential inflationary risks.
Key Facts
- The index is set to 1.0 in 2010.
- Q4 2022 index value was 1.127.
- Rising unit labor costs can signal potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Index of Quarterly Nonfarm Business Sector: Unit Labor Costs measures the cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the relationship between labor compensation, productivity, and inflation, making it a key indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the economy and potential inflationary risks.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU06CZQ661N), retrieved from FRED.