Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU06LUQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.06
Year-over-Year Change
11.22%
Date Range
1/1/1985 - 7/1/2011
Summary
This economic trend measures the index of unit labor costs in the U.S., which is a key indicator of labor market 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 changes in the cost of labor required to produce one unit of output. It is a critical measure for economists and policymakers in assessing the overall health of the economy and inflationary risks.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Historical Context
Trends in unit labor costs provide important context for monetary policy decisions by the Federal Reserve.
Key Facts
- The index is set to a base year of 2010 = 1.
- Quarterly, not seasonally adjusted data is reported.
- Rising unit labor costs can signal higher inflation risks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of unit labor costs in the U.S. economy, which tracks changes in the cost of labor required to produce one unit of output.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide important insights into labor market dynamics and inflationary pressures, making it a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs provide important context for monetary policy decisions by the Federal Reserve, as rising labor costs can signal higher inflation risks.
Q: Are there update delays or limitations?
A: The data is reported quarterly with no seasonal adjustments, and there may be some time lags in data availability.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU06LUQ662N), retrieved from FRED.