Percent Change
Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU04ATQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.36
Year-over-Year Change
26.51%
Date Range
1/1/1988 - 1/1/2011
Summary
The 'Index 2010=1, Quarterly, Not Seasonally Adjusted' trend measures the unit labor costs for the business sector in the United States. This metric is crucial for economists and policymakers to gauge 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 the growth in labor costs per unit of output, providing insights into the relationship between compensation and productivity. It is an important indicator for assessing the overall health of the U.S. economy and guiding monetary and fiscal policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on measures of employee compensation and output.
Historical Context
The unit labor cost index is closely monitored by the Federal Reserve and other economic institutions to help inform policy interventions and market forecasts.
Key Facts
- The index is published quarterly by the Bureau of Labor Statistics.
- Unit labor costs rose by 2.4% in the fourth quarter of 2022.
- High unit labor costs can signal inflationary pressure in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Quarterly, Not Seasonally Adjusted' trend measures the unit labor costs for the business sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to gauge inflationary pressures and productivity, as it provides insights into the relationship between compensation and output.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on measures of employee 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 economic institutions to help inform policy interventions and market forecasts.
Q: Are there update delays or limitations?
A: The index is published quarterly by the Bureau of Labor Statistics, with a short delay for data collection and processing.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU04ATQ661N), retrieved from FRED.