Index 2005=1, Quarterly, Seasonally Adjusted
ULQBBU02EUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.09
Year-over-Year Change
6.08%
Date Range
1/1/1995 - 1/1/2011
Summary
This economic trend measures the unit labor cost index for the United States, which reflects the total labor cost per unit of output. It is a key indicator of inflationary pressures 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 changes in the average cost of labor required to produce one unit of output. It is used by economists and policymakers to assess the competitiveness of the U.S. economy and monitor inflationary trends.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and compensation.
Historical Context
The unit labor cost index is closely watched by the Federal Reserve and other institutions for insights into the economy's health and inflation outlook.
Key Facts
- The index is based on 2005 as the base year (2005=1).
- Quarterly data is reported with seasonal adjustments.
- Rising unit labor costs can signal increasing inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The unit labor cost index tracks changes in the average cost of labor required to produce one unit of output in the United States.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key indicator of inflationary pressures and productivity, providing insights into the competitiveness of 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 based on measures of output and compensation.
Q: How is this trend used in economic policy?
A: The unit labor cost index is closely watched by the Federal Reserve and other institutions for insights into the economy's health and inflation outlook.
Q: Are there update delays or limitations?
A: The data is reported quarterly with seasonal adjustments, which may result in minor update delays.
Related Trends
Consumer Price Index: Harmonised prices: Housing, water, electricity, gas and other fuels (COICOP 04): Maintenance & repairs of the dwellings for the European Union
EU28CPHP0403GPM
Activity Rate: Aged 15-24: All Persons for the European Union
LRAC24TTEUQ156S
Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for European Union
CP0512EUCCM086NEST
Producer Prices Index: Total Consumer Goods for the European Union
PITGCG01EUM661N
Unemployed Population: Aged 55-64: Males for the European Union
LFUN55MAEUQ647S
Harmonized Index of Consumer Prices: Information Processing Equipment for Euro Area (19 Countries)
CP0913EZ19M086NEST
Citation
U.S. Federal Reserve, Index 2005=1, Quarterly, Seasonally Adjusted (ULQBBU02EUQ661S), retrieved from FRED.