Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU01EEQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.96
Year-over-Year Change
-1.74%
Date Range
1/1/1995 - 1/1/2011
Summary
This economic trend measures the index of unit labor costs for business, which is a key indicator of labor-related production costs and inflationary pressures in the 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 insight into a crucial component of overall production costs. Economists closely monitor this indicator to assess the potential for price inflation and labor market dynamics.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and employee compensation.
Historical Context
Policymakers use the unit labor cost index to inform decisions on monetary policy and other economic interventions.
Key Facts
- The index is based on 2010 as the reference year.
- Quarterly data is available from 1947 to the present.
- Rising unit labor costs can signal potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of unit labor costs for the business sector, which captures changes in the cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key indicator of inflationary pressures and labor market dynamics, providing insight into a crucial component of overall production costs.
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 output and employee compensation.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the unit labor cost index to inform decisions on monetary policy and other economic interventions aimed at managing inflation and promoting stable employment.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU01EEQ662N), retrieved from FRED.