Index 2005=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU03EUQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
7.31%
Date Range
1/1/1995 - 1/1/2011
Summary
This economic trend measures the index of the Unit Labor Cost in the Euro area, based on the reference year of 2005. It provides insights into productivity and inflation dynamics.
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, a key indicator of productivity and competitiveness. Economists and policymakers use this metric to assess inflationary pressures and make informed decisions.
Methodology
The data is calculated by the U.S. Federal Reserve based on labor compensation and real output measures.
Historical Context
This trend is widely used to analyze the Eurozone's economic performance and guide monetary policy decisions.
Key Facts
- The index is based on the reference year 2005.
- The trend is published on a quarterly basis.
- The data is not seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of the Unit Labor Cost in the Euro area, which tracks changes in the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess productivity, competitiveness, and inflationary pressures in the Eurozone.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on labor compensation and real output measures.
Q: How is this trend used in economic policy?
A: This trend is widely used to analyze the Eurozone's economic performance and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with no adjustments for seasonal variations.
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Citation
U.S. Federal Reserve, Index 2005=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU03EUQ662N), retrieved from FRED.