Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU01O1Q661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
3.45%
Date Range
1/1/1990 - 1/1/2011
Summary
The Index 2010=1, Quarterly, Seasonally Adjusted measures the unit labor costs in the nonfarm business sector on a quarterly basis. This metric is a key indicator of inflationary pressures and labor market conditions.
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 the cost of labor per unit of output, providing insights into the relationship between productivity and compensation. It is a widely followed economic indicator used by policymakers, analysts, and researchers to assess the overall health of the labor market and inflationary trends.
Methodology
This index is calculated by the U.S. Bureau of Labor Statistics based on data collected through surveys of businesses and households.
Historical Context
The Unit Labor Cost Index is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The index has a base year of 2010.
- It is published on a quarterly basis.
- The data is seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Quarterly, Seasonally Adjusted measures the unit labor costs in the nonfarm business sector, which is the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and labor market conditions, providing insights into the relationship between productivity and compensation. It is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on data collected through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: The Unit Labor Cost Index is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions, as it provides insights into inflationary pressures and labor market conditions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with some delay in the release. There may be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU01O1Q661S), retrieved from FRED.