Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU01SEQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
2.74%
Date Range
1/1/1970 - 1/1/2011
Summary
This economic trend measures the index of unit labor costs for the U.S. business sector on a quarterly basis without seasonal adjustment. It serves as an important indicator of labor market conditions 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, which is a key metric for understanding productivity, wage growth, and potential inflation risks. Economists and policymakers closely monitor this trend as it provides insights into the overall health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and compensation.
Historical Context
Trends in unit labor costs inform decisions by the Federal Reserve and other institutions regarding monetary policy and interest rates.
Key Facts
- The index uses 2010 as the base year.
- Quarterly, not seasonally adjusted data.
- Covers the U.S. business sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of unit labor costs for the U.S. business sector on a quarterly basis without seasonal adjustment.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key indicator of labor market conditions and inflationary pressures, providing insights into productivity, wage growth, and the overall health of the economy.
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 compensation.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs inform decisions by the Federal Reserve and other institutions regarding monetary policy and interest rates.
Q: Are there update delays or limitations?
A: The data is published quarterly with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU01SEQ662N), retrieved from FRED.