Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU02G7A662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-7.66%
Date Range
1/1/1970 - 1/1/2010
Summary
This index measures annual changes in U.S. unit labor costs, a key economic indicator for productivity and inflation trends.
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, adjusting for productivity. It is used to assess wage pressures and cost-of-living dynamics by policymakers and analysts.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics based on data for employee compensation and output.
Historical Context
Trends in unit labor costs provide insights into the overall state of the economy and guide monetary and fiscal policy decisions.
Key Facts
- The index is based on 2010 as the base year.
- Unit labor costs represent 61% of total U.S. business costs.
- Annual changes in the index can signal inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost Index measures changes in the average cost of labor per unit of output, adjusting for productivity.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide insights into wage pressures and the overall state of the economy, guiding policy decisions.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on data for employee compensation and output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use unit labor cost trends to assess inflationary pressures and guide monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Production: Industry: Total industry: Total industry excluding construction for G7
G7PRINTO01GPSAM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 24 Years for G7
G7LFIN24FESTQ
Balance of Payments: Primary Income: Balance (Revenue Minus Expenditure) for G7
G7B6BLPI01CXCUQ
Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for G7
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU02G7A662N), retrieved from FRED.