Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU02EEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
21.62%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the level of unit labor costs in the U.S. economy, which is a key economic indicator for policymakers and analysts.
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
This index tracks changes in the total labor costs per unit of real output produced, providing insights into inflationary pressures and productivity trends. It is a widely followed metric for evaluating the overall health and competitiveness of the U.S. labor market.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and real output.
Historical Context
Policymakers and economists use this index to inform decisions on interest rates, wage policies, and other economic interventions.
Key Facts
- The index has a base year of 2010 = 1.
- Unit labor costs reflect both wage levels and labor productivity.
- Rising unit labor costs can signal potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures changes in unit labor costs, which represent the total labor costs per unit of real output produced in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor productivity, wage pressures, and potential inflationary risks, making it a key indicator for policymakers and economic 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 hourly compensation and real output.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to inform decisions on interest rates, wage policies, and other economic interventions that aim to maintain a healthy and competitive labor market.
Q: Are there update delays or limitations?
A: The data is released annually by the U.S. Bureau of Labor Statistics, with a potential delay of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU02EEA661S), retrieved from FRED.