Index 2005=1, Quarterly, Seasonally Adjusted
ULQBBU01EUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
7.09%
Date Range
1/1/1995 - 1/1/2011
Summary
This economic trend measures the index of unit labor costs for the United States, a key indicator of productivity and inflationary 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 index tracks changes in the cost of labor per unit of output, providing insights into labor productivity and the potential for wage-driven inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and compensation.
Historical Context
Policymakers and analysts monitor this metric to assess macroeconomic conditions and inform decisions on interest rates and other economic policies.
Key Facts
- The index has a base year of 2005.
- Quarterly data is available from 1947 to present.
- Rising unit labor costs can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The index of unit labor costs measures changes in the cost of labor per unit of output, providing insights into productivity and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers and economists as an indicator of macroeconomic conditions and a potential driver of inflation.
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 and analysts monitor unit labor costs to assess the risk of wage-driven inflation and inform decisions on interest rates and other economic policies.
Q: Are there update delays or limitations?
A: Quarterly data is available from 1947 to the present, with a typical 1-2 month delay in the most recent release.
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Citation
U.S. Federal Reserve, Index 2005=1, Quarterly, Seasonally Adjusted (ULQBBU01EUQ661S), retrieved from FRED.