Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU06SEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.05
Year-over-Year Change
9.34%
Date Range
1/1/1993 - 1/1/2011
Summary
This economic trend measures the quarterly, not seasonally adjusted index of unit labor costs in the U.S. business sector, with a base year of 2010. It provides insights into labor 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 cost index reflects the average cost of labor per unit of output, capturing the relationship between hourly compensation and labor productivity. This metric is widely used by economists and policymakers to assess inflationary pressures and the overall health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and output per hour worked.
Historical Context
The unit labor cost index is a key input for the Federal Reserve and other institutions in evaluating economic conditions and setting appropriate monetary policies.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- The index is published on a quarterly basis.
- The data is not seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: The index measures the quarterly, not seasonally adjusted unit labor costs in the U.S. business sector, with a base year of 2010. It reflects the relationship between hourly compensation and labor productivity.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key indicator of inflationary pressures and the overall health of the economy, providing insights into labor productivity and cost dynamics.
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 hourly compensation and output per hour worked.
Q: How is this trend used in economic policy?
A: The unit labor cost index is a crucial input for the Federal Reserve and other institutions in evaluating economic conditions and setting appropriate monetary policies.
Q: Are there update delays or limitations?
A: The index is published on a quarterly basis, with no seasonal adjustment.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU06SEQ661N), retrieved from FRED.