Quarterly
ULQBBV05SEQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138,777,950,120.00
Year-over-Year Change
3.47%
Date Range
1/1/1980 - 4/1/2011
Summary
The Quarterly trend measures the quarterly change in unit labor costs, a key indicator of inflationary pressure in the U.S. economy. It provides insights into how labor costs are evolving, which is crucial for policymakers and analysts.
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 Quarterly trend tracks the percent change in unit labor costs, which reflect the cost of labor per unit of output. It is an important gauge of overall inflation as rising labor costs can drive up consumer prices.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of productivity and compensation.
Historical Context
Policymakers closely monitor unit labor cost trends to assess the risk of inflation and make informed decisions about monetary policy.
Key Facts
- Unit labor costs rose 2.4% in Q4 2022.
- High unit labor costs can lead to increased consumer prices.
- The Federal Reserve tracks unit labor costs to guide monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the quarterly percent change in unit labor costs, which reflect the cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends are a crucial indicator of inflationary pressures in the economy, providing insights that inform monetary policy decisions.
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 productivity and compensation.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor unit labor cost trends to assess the risk of inflation and make informed decisions about monetary policy.
Q: Are there update delays or limitations?
A: The Quarterly data is released on a timely basis, but may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly (ULQBBV05SEQ189N), retrieved from FRED.