Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU02IEQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.93
Year-over-Year Change
-27.73%
Date Range
1/1/1985 - 1/1/2011
Summary
This economic index measures the overall trend in unit labor costs, a key 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, reflecting productivity, wages, and inflation. It is widely used by policymakers and analysts to assess the health of the labor market and underlying price dynamics.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics based on data from employer surveys.
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 has a base year of 2010.
- Rising unit labor costs signal potential inflationary pressures.
- The data is released quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost Index tracks changes in the cost of labor per unit of output, reflecting productivity, wages, and inflation.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends are closely monitored by policymakers and analysts as a key indicator of labor market conditions and underlying inflationary pressures.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on data from employer surveys.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics with a typical publication lag of several weeks.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU02IEQ662N), retrieved from FRED.