Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU02ATQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.91
Year-over-Year Change
8.11%
Date Range
1/1/1988 - 1/1/2011
Summary
This economic indicator measures the change in unit labor costs in the United States on a quarterly basis, without seasonal adjustments. It is a key metric for assessing the competitiveness and productivity of the U.S. 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 how the cost of labor input per unit of output changes over time. This metric is used by economists and policymakers to evaluate trends in worker productivity, inflationary pressures, and the international competitiveness of American businesses.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
The unit labor cost index provides important insights into the health of the broader U.S. economy and is closely monitored by the Federal Reserve and other institutions.
Key Facts
- The index is based on 2010 as the base year (2010=1).
- Quarterly, not seasonally adjusted data is provided.
- The index measures changes in labor costs per unit of output.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in unit labor costs, which represent the cost of labor input per unit of output produced in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key metric used by economists and policymakers to assess trends in worker productivity, inflationary pressures, and the international competitiveness of American businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Q: How is this trend used in economic policy?
A: The unit labor cost index provides important insights into the health of the broader U.S. economy and is closely monitored by the Federal Reserve and other institutions to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is provided on a quarterly basis without seasonal adjustments, which may limit its usefulness for certain types of short-term economic analysis.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU02ATQ661N), retrieved from FRED.