Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU01EEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
-2.76%
Date Range
1/1/1995 - 1/1/2011
Summary
This economic indicator measures the quarterly index of unit labor costs in the nonfarm business sector, with a base year of 2010. It is a key metric for evaluating labor productivity and inflationary pressures in the U.S. economy.
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 changes in the cost of labor per unit of output, providing insights into the relationship between compensation growth and productivity. This data is widely used by economists and policymakers to assess broader economic trends and inflationary risks.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
The unit labor cost index serves as an important input for Federal Reserve monetary policy and is closely monitored by financial markets.
Key Facts
- The base year for the index is 2010.
- It is a seasonally adjusted quarterly series.
- Unit labor costs reflect the total labor costs required to produce one unit of output.
FAQs
Q: What does this economic trend measure?
A: The unit labor cost index tracks changes in the cost of labor per unit of output in the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity and inflationary pressures, making it a key indicator for economists and policymakers.
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 hourly compensation and productivity.
Q: How is this trend used in economic policy?
A: The unit labor cost index serves as an important input for Federal Reserve monetary policy and is closely monitored by financial markets.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU01EEQ661S), retrieved from FRED.