Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU04PTQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
8.64%
Date Range
1/1/2000 - 1/1/2011
Summary
This economic indicator measures quarterly changes in unit labor costs for the U.S. business sector, adjusting for seasonal variations. It provides insights 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 Costs index tracks the average cost of labor per unit of output, reflecting both employee compensation and labor productivity. It is a key measure of cost-push inflation and an important input for policymakers assessing the overall health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of employer payrolls and output.
Historical Context
Trends in unit labor costs are closely monitored by the Federal Reserve and other economic analysts for their implications on interest rates and monetary policy.
Key Facts
- The index is benchmarked to 2010 = 1.0.
- Quarterly data is released with a 1-month lag.
- The index rose by 2.4% in the most recent quarter.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Costs index tracks the average cost of labor per unit of output in the U.S. business sector, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide insights into labor productivity and inflationary pressures, making it a key input for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of employer payrolls and output.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are closely monitored by the Federal Reserve and other economic analysts for their implications on interest rates and monetary policy.
Q: Are there update delays or limitations?
A: Quarterly data is released with a 1-month lag.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU04PTQ661S), retrieved from FRED.