Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU03HUQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
3.46%
Date Range
1/1/1992 - 1/1/2011
Summary
This index measures the trend in unit labor costs, a key indicator of inflationary pressures and labor market dynamics. It is a crucial metric for economists and policymakers monitoring economic performance and assessing labor market conditions.
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 required to produce one unit of output. It is calculated as the ratio of hourly compensation to labor productivity. This metric provides insight into the relationship between wages, productivity, and profitability for businesses.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment surveys.
Historical Context
The Unit Labor Cost Index is closely watched by the Federal Reserve and other policymakers to inform monetary and fiscal decisions.
Key Facts
- The index is set to a base year of 2010 = 1.
- Quarterly data, not seasonally adjusted.
- Tracked by the Federal Reserve and economic policymakers.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost Index measures changes in the cost of labor required to produce one unit of output. It captures the relationship between wages, productivity, and profitability.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and labor market dynamics, making it crucial for economists and policymakers monitoring economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment surveys.
Q: How is this trend used in economic policy?
A: The Unit Labor Cost Index is closely watched by the Federal Reserve and other policymakers to inform monetary and fiscal decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly and is not seasonally adjusted.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU03HUQ662N), retrieved from FRED.