Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU06LUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.06
Year-over-Year Change
10.15%
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 United States. It is a key economic indicator used by policymakers and analysts to assess 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
This index tracks the growth in labor costs per unit of real output, taking into account changes in worker productivity. It provides insights into how labor costs impact overall price levels and business profitability.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly 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 has a base year of 2010 = 1.0.
- Quarterly data is seasonally adjusted.
- Rising unit labor costs can signal inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Quarterly, Seasonally Adjusted trend measures changes in unit labor costs, which represent the growth in labor costs per unit of real output.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into labor productivity and its impact on overall price levels and business profitability, making it a key indicator for policymakers and economists.
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 hourly 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, as it signals inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU06LUQ661S), retrieved from FRED.