Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU02O1Q662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
2.83%
Date Range
1/1/1970 - 1/1/2011
Summary
This trend measures the index value for quarterly, non-seasonally adjusted unit labor costs in the United States. Unit labor costs are 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 Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted series tracks changes over time in the inflation-adjusted cost of labor per unit of output. It is a widely followed metric for understanding the relationship between wages, productivity, and overall price levels.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics from survey information on employee compensation and output.
Historical Context
Economists and policymakers use this index to assess the competitiveness of U.S. industries and the potential for wage-driven inflation.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Unit labor costs account for around 60% of total business costs.
- Rising unit labor costs can indicate wage-push inflation pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes over time in the inflation-adjusted cost of labor per unit of output in the United States.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and productivity, making this trend highly relevant for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics from survey information on employee compensation and output.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to assess the competitiveness of U.S. industries and the potential for wage-driven inflation.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU02O1Q662N), retrieved from FRED.