Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU05IEQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
-8.08%
Date Range
1/1/1986 - 1/1/2011
Summary
This economic index measures the trend in unit labor costs, providing insights into inflationary pressures and productivity.
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 2010=1, Trend, Quarterly, Not Seasonally Adjusted series tracks the quarterly movements in unit labor costs, which reflect the average cost of labor per unit of output. This metric is closely watched by economists and policymakers as an indicator of potential inflationary pressures in the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using information on hourly compensation and productivity.
Historical Context
The unit labor cost index is a key input for the Federal Reserve's analysis of economic conditions and monetary policy decisions.
Key Facts
- Base year is 2010 with an index value of 1.
- Quarterly frequency, not seasonally adjusted.
- Covers the entire U.S. non-farm business sector.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted series tracks changes in unit labor costs, which reflect the average cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of potential inflationary pressures in the economy, providing insights into the relationship between labor costs and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using information on hourly compensation and productivity.
Q: How is this trend used in economic policy?
A: The unit labor cost index is a key input for the Federal Reserve's analysis of economic conditions and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a delay of approximately two months.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU05IEQ662N), retrieved from FRED.