Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU05AUQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
6.06%
Date Range
7/1/1970 - 7/1/2011
Summary
This economic index measures the quarterly trend in unit labor costs, a key indicator of inflation pressures. It helps policymakers and analysts assess the state of the economy and monitor price stability.
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 Index of Unit Labor Costs (2010=1) tracks changes in the total cost of labor required to produce one unit of output. It is a critical measure of productivity and a leading indicator for economic conditions and price dynamics.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
The unit labor cost index informs monetary policy decisions and is closely watched by the Federal Reserve and private sector analysts.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Rising unit labor costs can signal increased inflationary pressures.
- Quarterly, not seasonally adjusted data is provided.
FAQs
Q: What does this economic trend measure?
A: The Index of Unit Labor Costs (2010=1) tracks changes in the total cost of labor required to produce one unit of output, a key indicator of productivity and inflation pressures.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a critical measure for policymakers and economists, as it informs monetary policy decisions and helps assess the state of the economy and price dynamics.
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 hourly compensation and productivity.
Q: How is this trend used in economic policy?
A: The unit labor cost index is closely watched by the Federal Reserve and private sector analysts, as it informs monetary policy decisions and assessments of inflationary pressures.
Q: Are there update delays or limitations?
A: The data is provided on a quarterly basis and is not seasonally adjusted.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU05AUQ662N), retrieved from FRED.