Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU08ATQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
8.55%
Date Range
1/1/1988 - 1/1/2011
Summary
This economic trend measures the quarterly, non-seasonally adjusted index of unit labor costs in the U.S. manufacturing sector. It provides insights into changes in labor productivity and producer inflation.
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 average cost of labor per unit of output. It is a key indicator of inflationary pressures and can inform economic policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on output and labor compensation data.
Historical Context
The unit labor cost index is closely monitored by the Federal Reserve and other policymakers to assess employment dynamics and producer price pressures.
Key Facts
- The index is based on 2010 as the base year.
- Quarterly frequency, not seasonally adjusted.
- Provided by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This index measures the quarterly, non-seasonally adjusted changes in unit labor costs for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index provides insights into changes in labor productivity and producer price pressures, which are important for economic policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on output and labor compensation data.
Q: How is this trend used in economic policy?
A: The unit labor cost index is closely monitored by the Federal Reserve and other policymakers to assess employment dynamics and producer price pressures.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and it represents the non-seasonally adjusted manufacturing sector only.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU08ATQ661N), retrieved from FRED.