Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU06SEQ662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
8.25%
Date Range
1/1/1970 - 1/1/2011
Summary
This index measures the trend in unit labor costs, which represent the cost of labor input per unit of output. Tracking unit labor costs is crucial for understanding inflationary pressures and productivity.
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 Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted series provides a comprehensive measure of changes in the cost of labor per unit of real output. This metric is widely used by economists and policymakers to assess the relationship between wages, productivity, and inflation.
Methodology
The data is calculated by the U.S. Federal Reserve using established labor market and output metrics.
Historical Context
The unit labor cost index is a key input for monetary policy decisions and economic forecasting.
Key Facts
- The index is benchmarked to 2010 = 1.
- Data is released quarterly on a not seasonally adjusted basis.
- Rising unit labor costs can indicate inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the cost of labor input per unit of real output, providing insight into productivity and inflationary dynamics.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a crucial indicator for economists, policymakers, and market analysts when assessing the relationship between wages, productivity, and inflation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using established labor market and output metrics.
Q: How is this trend used in economic policy?
A: The unit labor cost index is a key input for monetary policy decisions and economic forecasting by institutions like the Federal Reserve.
Q: Are there update delays or limitations?
A: The data is released quarterly on a not seasonally adjusted basis, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU06SEQ662N), retrieved from FRED.