Percent Change
Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU04ATQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
23.46%
Date Range
1/1/1988 - 1/1/2011
Summary
The Index 2010=1, Quarterly, Seasonally Adjusted trend measures the level of unit labor costs in the U.S. manufacturing sector on a quarterly basis, adjusted for seasonal variations. This metric is a key indicator of inflationary pressures and labor 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
The unit labor cost index tracks the total labor costs, including wages and benefits, required to produce one unit of output. It is a vital measure of competitiveness and helps policymakers and analysts assess the state of the economy and potential inflationary risks.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
Unit labor cost trends are closely monitored by the Federal Reserve and other economic policymakers to inform decisions on monetary policy and interest rates.
Key Facts
- The index is benchmarked to 2010 = 1.0.
- Quarterly data is released with a 2-month lag.
- Rising unit labor costs can signal inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of unit labor costs in the U.S. manufacturing sector on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key indicator of labor productivity and inflationary pressures, which are vital for policymakers and market analysts to monitor.
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 surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are closely monitored by the Federal Reserve and other economic policymakers to inform decisions on monetary policy and interest rates.
Q: Are there update delays or limitations?
A: Quarterly data is released with a 2-month lag.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Austria
AUTCP100000GYM
Consumer Price Index: Total Food Excluding Restaurants for Austria
CPGDFD02ATM659N
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Austria
IR3TIB01ATM156N
People 15 Years and Over Saving at a Financial Institution in the Past Year for Austria
DDAI06ATA156NWDB
Private Credit by Deposit Money Banks to GDP for Austria
DDDI01ATA156NWDB
Harmonized Index of Consumer Prices: Seasonal Food for Austria
SEAS00ATM086NEST
Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU04ATQ661S), retrieved from FRED.