Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU06ATQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.02
Year-over-Year Change
4.85%
Date Range
1/1/1976 - 1/1/2011
Summary
This economic indicator measures the ratio of unit labor costs in the U.S. business sector on a quarterly basis without seasonal adjustments. Unit labor costs are a key metric for assessing productivity and 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 (2010=1) tracks changes in the ratio of labor compensation per unit of real output for the U.S. business sector. This trend is used by economists and policymakers to evaluate labor productivity, production costs, and the potential for wage-price inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of employee compensation and real output.
Historical Context
The Unit Labor Cost Index is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Rising unit labor costs can signal a need for policy intervention.
- This metric helps assess wage and price pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost Index tracks changes in the ratio of labor compensation per unit of real output for the U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to evaluate labor productivity, production costs, and the potential for wage-price inflation.
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 employee compensation and real output.
Q: How is this trend used in economic policy?
A: The Unit Labor Cost Index is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag, and it does not include seasonal adjustments.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU06ATQ662N), retrieved from FRED.