Index 2005=1, Quarterly, Seasonally Adjusted
ULQBBU08EUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
6.96%
Date Range
1/1/1995 - 1/1/2011
Summary
This economic trend measures the unit labor cost index for the United States, which is an important indicator of 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 tracks the average cost of labor per unit of output, reflecting both wage levels and labor productivity. It is widely used by economists and policymakers to assess the competitiveness of the U.S. economy and monitor inflationary trends.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output, employment, and compensation.
Historical Context
The unit labor cost index is a key input for the Federal Reserve's monetary policy decisions and is closely watched by financial markets.
Key Facts
- The index is based on 2005=1 as the reference year.
- Quarterly data is published with a seasonal adjustment.
- The index reflects both wage levels and labor productivity.
FAQs
Q: What does this economic trend measure?
A: The unit labor cost index measures the average cost of labor per unit of output, reflecting both wage levels and labor productivity in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is an important indicator of labor productivity and inflationary pressures, making it a key input for policymakers and financial market participants.
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 output, employment, and compensation.
Q: How is this trend used in economic policy?
A: The unit labor cost index is a key input for the Federal Reserve's monetary policy decisions and is closely watched by financial markets to assess the competitiveness of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a seasonal adjustment, and there may be occasional revisions to previous periods.
Related Trends
Employed Population: Aged 55-64: Females for the European Union
LFEM55FEEUA657N
Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for European Union
CP0512EUCCM086NEST
Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for European Union (28 Countries)
CP0500EU28M086NEST
Harmonized Index of Consumer Prices: Non-Durable Household Goods for European Union (28 Countries)
CP0561EU28M086NEST
Harmonized Index of Consumer Prices: Telephone and Telefax Services for European Union
CP0830EUCCM086NEST
Harmonized Index of Consumer Prices: Health for European Union (27 Countries from 2020)
CP0600EU272020M086NEST
Citation
U.S. Federal Reserve, Index 2005=1, Quarterly, Seasonally Adjusted (ULQBBU08EUQ661S), retrieved from FRED.