Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU08O1Q662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
4.40%
Date Range
1/1/1970 - 1/1/2011
Summary
This economic trend measures the index of unit labor costs for the U.S. business sector, with 2010 as the base year. It provides insights into changes in labor productivity and labor compensation.
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 how labor costs per unit of output change over time. It is a key indicator for economists and policymakers to assess inflationary pressures and productivity trends in the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics from measures of output, employment, and labor compensation.
Historical Context
The unit labor cost index is closely monitored by the Federal Reserve and other institutions for insights on the economic outlook.
Key Facts
- The index has a base year of 2010 = 1.
- Quarterly, not seasonally adjusted data.
- Produced by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of unit labor costs for the U.S. business sector, with 2010 as the base year. It tracks changes in labor productivity and labor compensation over time.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key indicator used by economists and policymakers to assess inflationary pressures and productivity trends in the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics from measures of output, employment, and labor compensation.
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 for insights on the economic outlook and potential inflationary pressures.
Q: Are there update delays or limitations?
A: The data is released quarterly with no major update delays, providing timely information on labor productivity and cost trends.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU08O1Q662N), retrieved from FRED.