Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU06LUA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
53.25%
Date Range
1/1/1985 - 1/1/2010
Summary
This index measures annual trends in unit labor costs, a key indicator of inflation and productivity. It provides important insights for economists and policymakers on the state 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 is a comprehensive measure that accounts for productivity, wages, and other factors affecting the cost of production.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using employment, compensation, and productivity statistics.
Historical Context
Unit labor costs are closely monitored by the Federal Reserve and other policymakers to assess inflationary pressures and make informed decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Annual, not seasonally adjusted data is reported.
- Rising unit labor costs can signal increased inflationary pressures.
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 insights on productivity, wages, and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key economic indicator monitored closely by policymakers and analysts to assess the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using employment, compensation, and productivity statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers use unit labor cost data to evaluate inflationary pressures and make informed decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is reported annually and may have a lag in availability compared to other economic indicators.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU06LUA662N), retrieved from FRED.