Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU03AUQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
11.37%
Date Range
7/1/1970 - 7/1/2011
Summary
This economic trend measures the index of the unit labor cost for business sector output on a quarterly basis, with 2010 as the base year. It provides insights into productivity and inflationary pressures in 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 the average cost of labor required to produce one unit of output. It is a key indicator of productivity and a gauge of inflationary pressures, as rising unit labor costs may signal the need for price adjustments.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and employee compensation.
Historical Context
Policymakers and analysts closely monitor unit labor cost trends to assess the underlying health of the economy and guide policy decisions.
Key Facts
- The base year for the index is 2010.
- Unit labor costs measure the average cost of labor per unit of output.
- Rising unit labor costs can signal inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of unit labor costs for the U.S. business sector on a quarterly basis, with 2010 as the base year.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost is a key indicator of productivity and inflationary pressures, providing insights into the underlying health of the 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 employee compensation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor unit labor cost trends to assess the economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve, 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 (ULQBBU03AUQ662N), retrieved from FRED.