Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU07PTQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
2.06%
Date Range
1/1/2000 - 1/1/2011
Summary
This index measures the unit labor cost for the U.S. business sector, a key economic indicator tracked by policymakers and analysts.
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 average cost of labor required to produce one unit of output. It is a valuable metric for understanding productivity trends and inflationary pressures in the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and output per hour.
Historical Context
The unit labor cost index is used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Unit labor costs reflect both wages and labor productivity.
- Rising unit labor costs can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The unit labor cost index measures the average cost of labor required to produce one unit of output in the U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a valuable indicator of productivity and inflationary pressures, providing insights that inform economic and policy decisions.
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 output per hour.
Q: How is this trend used in economic policy?
A: The unit labor cost index is used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU07PTQ661S), retrieved from FRED.