Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU03O1A662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
9.96%
Date Range
1/1/1970 - 1/1/2010
Summary
This index measures annual trends in U.S. unit labor costs, a key economic indicator of labor productivity and inflation 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 (ULC) index tracks changes in the cost of labor per unit of output, reflecting productivity and wage dynamics. It is a widely-used metric for assessing competitiveness and inflationary trends.
Methodology
The U.S. Bureau of Labor Statistics calculates this index based on data from their quarterly productivity and cost surveys.
Historical Context
Policymakers and analysts monitor ULC trends to gauge economic performance and guide monetary and fiscal policy decisions.
Key Facts
- The ULC index is based on 2010 as the base year (2010=1).
- ULC measures the cost of labor per unit of real output.
- Rising ULC often signals increasing inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This index measures annual trends in U.S. unit labor costs, which reflect changes in labor productivity and wage dynamics.
Q: Why is this trend relevant for users or analysts?
A: ULC is a key indicator of economic competitiveness and inflationary pressures, making it important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this index based on data from their quarterly productivity and cost surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor ULC trends to gauge economic performance and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The ULC index is published quarterly with a lag, so there may be a delay in accessing the most recent data.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU03O1A662N), retrieved from FRED.