Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU01EEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
78.93%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures changes in unit labor costs for the U.S. manufacturing sector. This metric 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, providing insight into a company or industry's efficiency and competitiveness. This index tracks annual changes in these costs, offering economic analysts and policymakers valuable data on manufacturing sector dynamics.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using employment, hours, and compensation information.
Historical Context
Manufacturers, economists, and government agencies closely monitor unit labor cost trends to assess the health of the manufacturing industry and broader economic conditions.
Key Facts
- The index has a base year of 2010.
- Annual, not seasonally adjusted data is reported.
- Rising unit labor costs can signal inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This series tracks changes in unit labor costs for the U.S. manufacturing sector, providing insight into productivity and inflationary trends.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of manufacturing efficiency and competitiveness, making this data highly relevant for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this index using employment, hours, and compensation data.
Q: How is this trend used in economic policy?
A: Manufacturers, government agencies, and economists closely monitor unit labor cost trends to assess the health of the manufacturing industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted data is subject to the reporting schedules and methodologies of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU01EEA661S), retrieved from FRED.