Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU08G7A662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
11.45%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic index measures annual trends in unit labor costs, which reflect the cost of labor per unit of output. It is a key indicator of 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 Unit Labor Cost index tracks changes in the cost of labor required to produce one unit of output. It is an important metric for economists and policymakers to assess competitiveness, monitor inflation, and evaluate productivity trends.
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
Unit labor cost trends are closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Unit labor costs rose 3.1% in 2022.
- The index has a base year of 2010 = 1.
- Annual data is published, not seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost index tracks changes in the cost of labor required to produce one unit of output. It is a key indicator of productivity and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends are closely watched by economists, policymakers, and market analysts as an important gauge of competitiveness, inflation, and productivity.
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: Unit labor cost trends are closely monitored 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 annually and is not seasonally adjusted.
Related Trends
Infra-Annual Labor Statistics: Unemployment Female: 15 Years or over for G7
G7LFUNTTFESTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for G7
G7LFINTTMASTQ
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for G7
G7LFAC24MASTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for G7
G7LRHUADTTSTM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for G7
G7LRHUTTMASTM
Production: Industry: Total industry: Total industry excluding construction for G7
G7PRINTO01GPSAM
Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU08G7A662N), retrieved from FRED.