Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU06CAQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
1.32%
Date Range
1/1/1983 - 7/1/2011
Summary
This economic trend measures the quarterly, not seasonally adjusted index of the Bureau of Labor Statistics' unit labor costs for the business sector, with 2010 as the base year. It provides insights into productivity, labor compensation, and overall inflation pressures in the U.S. 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 reflects the average cost of labor required to produce one unit of output. It is a key indicator used by economists and policymakers to analyze labor market dynamics and potential inflationary risks.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of labor productivity and hourly compensation.
Historical Context
The unit labor cost trend is closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Key Facts
- The base year for this index is 2010.
- The index reflects quarterly, not seasonally adjusted data.
- Rising unit labor costs can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, not seasonally adjusted index of unit labor costs for the U.S. business sector, with 2010 as the base year.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index provides insights into labor productivity, labor compensation, and overall inflation pressures in the economy, making it a key indicator for economists and policymakers.
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 labor productivity and hourly compensation.
Q: How is this trend used in economic policy?
A: The unit labor cost trend is closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly with no major update delays or limitations.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU06CAQ662N), retrieved from FRED.