Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU05LUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
14.19%
Date Range
1/1/1995 - 7/1/2011
Summary
The Index 2010=1, Quarterly, Seasonally Adjusted trend measures changes in unit labor costs in the U.S. business sector, a key economic indicator for policymakers and analysts.
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
This index tracks the ratio of hourly compensation to labor productivity, providing insights into labor market dynamics and inflationary pressures in the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using survey information on wages, hours worked, and productivity.
Historical Context
The unit labor cost index is widely monitored by the Federal Reserve and other institutions to gauge inflationary risks and support economic policymaking.
Key Facts
- The index is based on 2010 as the base year of 1.0.
- Rising unit labor costs signal increased inflationary pressure.
- The data is released quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Quarterly, Seasonally Adjusted measures changes in unit labor costs, which represent the ratio of hourly compensation to labor productivity in the U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into labor market dynamics and inflationary pressures, making it a closely watched metric by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using survey information on wages, hours worked, and productivity.
Q: How is this trend used in economic policy?
A: The unit labor cost index is widely monitored by the Federal Reserve and other institutions to gauge inflationary risks and support economic policymaking decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics, with a typical delay of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU05LUQ661S), retrieved from FRED.