Quarterly
ULQBBC03AUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,066,984,738.00
Year-over-Year Change
15.64%
Date Range
7/1/1983 - 7/1/2011
Summary
The Quarterly trend measures the unit labor costs for the business sector in the United States. It is a key economic indicator used by policymakers and analysts to assess inflation pressures and productivity.
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
Unit labor costs represent the cost of labor per unit of output. This metric is closely watched as it can signal changes in a firm's pricing power and the overall health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on productivity and compensation data.
Historical Context
Quarterly unit labor cost trends are used by the Federal Reserve and other institutions to guide monetary policy decisions.
Key Facts
- Unit labor costs rose 5.5% in Q4 2022.
- Productivity fell 3.0% in Q4 2022.
- Hourly compensation increased 2.4% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the unit labor costs for the business sector in the United States. It represents the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key economic indicator used by policymakers and analysts to assess inflation pressures and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on productivity and compensation data.
Q: How is this trend used in economic policy?
A: Quarterly unit labor cost trends are used by the Federal Reserve and other institutions to guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly unit labor cost data is released with a short delay by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Quarterly (ULQBBC03AUQ189N), retrieved from FRED.