Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU05DKQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
2.43%
Date Range
1/1/1966 - 4/1/2011
Summary
This economic trend measures the quarterly index of unit labor costs in the U.S. business sector, a key indicator of inflationary pressures in the economy.
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 input per unit of output, reflecting both productivity and compensation trends. It is a widely followed metric for assessing the sustainability of economic growth and informing monetary policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of productivity and labor compensation.
Historical Context
The unit labor cost index is closely monitored by the Federal Reserve and other policymakers for insights into the economic outlook and inflation dynamics.
Key Facts
- The index is set to a base year of 2010 = 1.
- Quarterly data is reported on a not seasonally adjusted basis.
- Rising unit labor costs can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly index of unit labor costs in the U.S. business sector, which tracks changes in the cost of labor input per unit of output.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a widely followed metric for assessing the sustainability of economic growth and informing monetary policy decisions, as it provides insights into productivity and inflationary pressures.
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 productivity and labor 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 policymakers for insights into the economic outlook and inflation dynamics, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis and is not seasonally adjusted, which may limit its use for certain types of analyses.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU05DKQ662N), retrieved from FRED.