Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU01CAQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.02
Year-over-Year Change
5.20%
Date Range
1/1/1970 - 7/1/2011
Summary
This economic indicator measures the quarterly trend in unit labor costs for the U.S. nonfarm business sector, indexed to a base year of 2010. It is a key metric for assessing changes in labor productivity and inflation 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 Trend index tracks the relationship between hourly compensation and labor productivity. Economists and policymakers use this data to evaluate the impact of labor costs on overall price levels and the broader economic outlook.
Methodology
The U.S. Bureau of Labor Statistics calculates this index based on measures of nonfarm business sector output, compensation per hour, and productivity.
Historical Context
This index provides important context for the Federal Reserve's monetary policy decisions and analysis of inflationary trends.
Key Facts
- The index base year is 2010.
- It measures quarterly, non-seasonally adjusted trends.
- Unit labor costs reflect the cost of labor per unit of output.
FAQs
Q: What does this economic trend measure?
A: This index measures the quarterly trend in unit labor costs for the U.S. nonfarm business sector, with a base year of 2010.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor productivity and inflationary pressures, which are key factors considered by the Federal Reserve and other policymakers.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this index based on measures of nonfarm business sector output, compensation per hour, and productivity.
Q: How is this trend used in economic policy?
A: The Unit Labor Cost Trend index offers valuable context for the Federal Reserve's monetary policy decisions and analysis of overall inflationary conditions.
Q: Are there update delays or limitations?
A: This index is released quarterly with a relatively short lag, providing timely data for economic analysis and policy decisions.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU01CAQ662N), retrieved from FRED.