Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU02IEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-32.27%
Date Range
1/1/1985 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the annual change in unit labor costs in the manufacturing sector of the United States. This metric is a key indicator of labor productivity and inflationary pressure in the 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 index tracks changes in manufacturing labor costs relative to a 2010 baseline. Economists use this data to assess the competitive position of U.S. manufacturers and gauge potential inflation risks.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
Policymakers at the Federal Reserve closely monitor this index as part of their dual mandate to maintain price stability and full employment.
Key Facts
- The index uses 2010 as the base year with a value of 1.0.
- Annual, not seasonally adjusted data is available from 1988 to the present.
- U.S. unit labor costs in manufacturing rose 2.5% in 2021 compared to 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' metric tracks changes in unit labor costs within the U.S. manufacturing sector, a key indicator of labor productivity and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the competitive position of U.S. manufacturers and helps economists and policymakers assess the risk of inflation in the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this index as part of its mandate to maintain price stability and full employment, using it to help guide monetary policy decisions.
Q: Are there update delays or limitations?
A: Annual, not seasonally adjusted data is available from 1988 to the present with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU02IEA661S), retrieved from FRED.