Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU01DKA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
36.74%
Date Range
1/1/1988 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the level of unit labor costs in the U.S. private business sector. It is a key indicator of inflationary pressures and productivity trends.
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
Unit labor costs represent the average cost of labor per unit of output, calculated as the ratio of total labor compensation to real output. This metric is widely used by economists and policymakers to assess changes in a country's international competitiveness and inflationary dynamics.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of total compensation and productivity.
Historical Context
Trends in unit labor costs inform monetary policy decisions by the Federal Reserve and provide insight into the overall health of the U.S. economy.
Key Facts
- The index is benchmarked to 2010 = 1.
- Annual data is not seasonally adjusted.
- Unit labor costs reflect both wages and productivity
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the level of unit labor costs in the U.S. private business sector.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and productivity trends, providing important insights for economists and policymakers.
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 total compensation and productivity.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs inform monetary policy decisions by the Federal Reserve and provide insight into the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released annually with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU01DKA661S), retrieved from FRED.