Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU03HUA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
42.42%
Date Range
1/1/1992 - 1/1/2010
Summary
This economic trend measures an inflation-adjusted index of unit labor costs for the U.S. non-farm business sector. It provides insights into productivity, labor compensation, 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 input per unit of output, capturing the relationship between compensation per hour and productivity. This metric is closely watched by economists and policymakers as an indicator of potential inflationary risks.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using employment, earnings, and output information.
Historical Context
The Unit Labor Cost Index is a key input for the Federal Reserve and other institutions in assessing monetary policy and inflationary trends.
Key Facts
- The index is based on 2010 as the base year (2010=1).
- Rising unit labor costs can signal potential inflationary pressures.
- The index is published annually by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the cost of labor input per unit of output in the U.S. non-farm business sector, capturing the relationship between compensation per hour and productivity.
Q: Why is this trend relevant for users or analysts?
A: The Unit Labor Cost Index is a key indicator of potential inflationary pressures and is closely watched by economists and policymakers when assessing monetary policy and the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using employment, earnings, and output information.
Q: How is this trend used in economic policy?
A: The Unit Labor Cost Index is a crucial input for the Federal Reserve and other institutions in evaluating monetary policy and inflationary trends in the U.S. economy.
Q: Are there update delays or limitations?
A: The index is published annually by the U.S. Bureau of Labor Statistics, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU03HUA662N), retrieved from FRED.