Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU08G7Q661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
3.32%
Date Range
1/1/1990 - 1/1/2011
Summary
The Index 2010=1, Quarterly, Seasonally Adjusted series measures the ratio of total unit labor costs to real output per hour for the U.S. business sector. This metric is a key indicator of productivity and labor market trends.
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 Index 2010=1, Quarterly, Seasonally Adjusted series tracks changes in unit labor costs, which represent the average cost of labor per unit of output. This metric is widely used by economists and policymakers to assess inflationary pressures and productivity growth within the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics as the ratio of total compensation to real output.
Historical Context
Policymakers monitor this index to gauge the relationship between wages, prices, and productivity, informing decisions around monetary and fiscal policy.
Key Facts
- The index is benchmarked to 2010 = 1.
- Quarterly, seasonally adjusted data is available from 1947 to present.
- Rising unit labor costs can signal increasing inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Quarterly, Seasonally Adjusted series measures the ratio of total unit labor costs to real output per hour for the U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess inflationary pressures and productivity growth within the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics as the ratio of total compensation to real output.
Q: How is this trend used in economic policy?
A: Policymakers monitor this index to gauge the relationship between wages, prices, and productivity, informing decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: Quarterly, seasonally adjusted data is available from 1947 to present with no known update delays.
Related Trends
Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: All persons for G7
G7LFHUADTTSTM
Infra-Annual Labor Statistics: Unemployment Total: From 25 to 54 Years for G7
G7LFUN25TTSTQ
Production: Industry: Total industry: Total industry excluding construction for G7
G7PRINTO01GPSAM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for G7
G7LRHUADFESTQ
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for G7
G7LREM24TTSTQ
Consumer Price Index: Food and non-Alcoholic beverages (COICOP 01): Total: Total for G7
G7CP010000GPM
Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU08G7Q661S), retrieved from FRED.