Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU04JPA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-1.21%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic index measures unit labor costs in the U.S. private business sector, providing insight into labor productivity 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 required to produce one unit of output, reflecting trends in worker productivity and business profitability. It is a key indicator used by economists and policymakers to analyze labor market dynamics and inflationary risks.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output, employment, and compensation.
Historical Context
The Unit Labor Cost index is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index is based on 2010 as the reference year (2010=1).
- Annual, not seasonally adjusted data is reported.
- Higher unit labor costs can signal inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost index tracks changes in the cost of labor required to produce one unit of output in the U.S. private business sector.
Q: Why is this trend relevant for users or analysts?
A: The Unit Labor Cost index provides important insights into labor productivity and inflationary pressures, making it a key indicator used by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output, employment, and compensation.
Q: How is this trend used in economic policy?
A: The Unit Labor Cost index is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually and may not capture short-term fluctuations in unit labor costs.
Related Trends
Bank's Non-Interest Income to Total Income for Japan
DDEI03JPA156NWDB
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Japan
JPNIMPORTQDSMEI
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Japan
LRUN24TTJPM156S
Fertility Rate, Total for Japan
SPDYNTFRTINJPN
Bank's Overhead Costs to Total Assets for Japan
DDEI04JPA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Japan
JPNCP060000GYQ
Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU04JPA661S), retrieved from FRED.