Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU06AUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-8.74%
Date Range
7/1/1983 - 7/1/2011
Summary
This economic index measures the unit labor costs of the U.S. business sector on a quarterly basis. It is a key indicator for analyzing labor productivity and inflationary pressures.
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 the growth in labor costs per unit of output, providing insights into labor productivity and the underlying forces driving inflation. It is widely used by economists and policymakers to assess the health of the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output, employment, and employee compensation.
Historical Context
The Unit Labor Cost Index helps inform monetary and fiscal policy decisions aimed at promoting stable economic growth.
Key Facts
- The index is set to a base year of 2010 = 1.
- Quarterly data is released with a typical lag of 2-3 months.
- Rising unit labor costs can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost Index tracks the growth in labor costs per unit of output produced in the U.S. business sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This index provides key insights into labor productivity and is a leading indicator of potential inflationary pressures, making it highly relevant for economists, policymakers, and market analysts.
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 output, employment, and employee compensation.
Q: How is this trend used in economic policy?
A: The Unit Labor Cost Index helps inform monetary and fiscal policy decisions aimed at promoting stable economic growth and controlling inflation.
Q: Are there update delays or limitations?
A: Quarterly data is released with a typical lag of 2-3 months, and the index is subject to periodic revisions as new data becomes available.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU06AUQ661N), retrieved from FRED.