Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU03FIQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
2.49%
Date Range
1/1/1975 - 1/1/2011
Summary
The 'Index 2010=1, Quarterly, Not Seasonally Adjusted' trend measures the unit labor costs for the U.S. business sector. It is 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
This index tracks changes in the cost of labor per unit of output, providing insights into a business's profitability and the broader economy's inflationary climate. Economists and policymakers use this data to assess productivity growth and make informed decisions.
Methodology
The data is calculated by the U.S. Federal Reserve based on labor compensation and output measures.
Historical Context
The unit labor cost index is closely monitored by the Federal Reserve and other institutions to help guide monetary policy and economic forecasting.
Key Facts
- The index base year is 2010.
- Quarterly data is reported, not seasonally adjusted.
- Rising unit labor costs can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Quarterly, Not Seasonally Adjusted' trend measures changes in unit labor costs for the U.S. business sector, which is the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into productivity growth, business profitability, and inflationary pressures in the economy, making it a key metric for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on measures of labor compensation and output.
Q: How is this trend used in economic policy?
A: The unit labor cost index is closely monitored by the Federal Reserve and other institutions to help guide monetary policy and economic forecasting.
Q: Are there update delays or limitations?
A: The data is reported quarterly and is not seasonally adjusted, which should be considered when interpreting the trend.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU03FIQ661N), retrieved from FRED.