Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU04JPQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-2.86%
Date Range
1/1/1990 - 7/1/2011
Summary
This index measures inflation-adjusted unit labor costs for the U.S. business sector on a quarterly basis. It is a key economic indicator used by policymakers to assess 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. It is calculated as the ratio of hourly compensation to labor productivity. This metric provides insight into the relationship between wages, productivity, and inflation.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment surveys and productivity estimates.
Historical Context
The unit labor cost index is closely monitored by the Federal Reserve and other economic analysts to gauge inflationary risks and inform monetary policy decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.0.
- Declining unit labor costs often signal rising productivity and contained inflation.
- Rising unit labor costs can indicate upward pressure on consumer prices.
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. business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the relationship between wages, productivity, and inflation, making it a key indicator monitored by policymakers and economists.
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 and productivity estimates.
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 analysts to gauge inflationary risks and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 2-month lag between the end of the reference quarter and the data publication.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU04JPQ661S), retrieved from FRED.