Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU01O1Q662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
3.96%
Date Range
1/1/1970 - 1/1/2011
Summary
This economic index measures the ratio of output to hours worked, a key indicator of labor productivity. It is widely used by economists and policymakers to analyze trends in national output and labor efficiency.
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 Quarterly Index of Real Output per Hour for Business, Base Year 2010 tracks changes in labor productivity over time. This measure provides important insights into a country's economic performance and potential for growth.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using employment figures and output data.
Historical Context
Policymakers and analysts closely monitor this index to understand the drivers of economic expansion and plan appropriate fiscal and monetary policies.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Quarterly data is reported, not seasonally adjusted.
- The index reflects changes in real output per hour worked in the business sector.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in labor productivity, specifically the ratio of real output to hours worked in the U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a critical indicator of economic efficiency and competitiveness. Monitoring this index helps policymakers and businesses understand the drivers of economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using employment figures and output data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to understand the drivers of economic expansion and plan appropriate fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The index is reported quarterly, with no seasonal adjustments, providing a clear picture of labor productivity trends.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU01O1Q662N), retrieved from FRED.