Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU01SEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
18.95%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the unit labor costs in the United States, which is an important indicator of inflation and productivity.
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 average cost of labor per unit of output, reflecting both productivity and compensation changes. It is a key metric used by economists and policymakers to assess inflationary pressures and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using established formulas.
Historical Context
Unit labor cost trends are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2010 as the base year of 1.
- Unit labor costs rose by 2.8% in 2022 compared to the prior year.
- Higher unit labor costs can signal a need for policy intervention to maintain price stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor costs in the United States, which reflect the average cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost is a key economic indicator used by policymakers and analysts to assess inflationary pressures and productivity trends in the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using established formulas.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor unit labor cost trends to inform monetary and fiscal policy decisions that aim to maintain price stability and economic growth.
Q: Are there update delays or limitations?
A: The unit labor cost data is released on a quarterly basis with a lag, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU01SEA661N), retrieved from FRED.