Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU01SEA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
18.74%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Index 2010=1, Trend, Annual, Not Seasonally Adjusted' measures changes in unit labor costs over time. This indicator provides insight into inflation pressures and productivity trends within the U.S. economy.
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. This metric is used by economists and policymakers to analyze the relationship between productivity, compensation, and inflationary pressures in the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and employee compensation.
Historical Context
Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The index is based on 2010 as the base year with a value of 1.
- Annual data is reported, not seasonally adjusted.
- Rising unit labor costs can signal inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Trend, Annual, Not Seasonally Adjusted' measures changes in unit labor costs over time.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide insights into inflation pressures and productivity, which are crucial factors for economic policymakers and market analysts.
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 output and employee compensation.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually and is not seasonally adjusted.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU01SEA662N), retrieved from FRED.