Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU02JPA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-30.37%
Date Range
1/1/1980 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the cost of labor input per unit of real output, providing insights into productivity and competitiveness.
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 labor productivity index tracks changes in the relationship between output and the labor hours required to produce that output. It is a key economic indicator used to analyze trends in national competitiveness and the efficiency of production processes.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and labor input information.
Historical Context
Policymakers and analysts utilize this metric to assess the overall health and efficiency of the U.S. economy.
Key Facts
- The index is based on 2010 as the base year (2010=1).
- It is reported on an annual, non-seasonally adjusted basis.
- Higher index values indicate improved labor productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the cost of labor input per unit of real economic output, providing insights into productivity and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This labor productivity metric is a key indicator used to analyze national competitiveness and the efficiency of production processes.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and labor input information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this metric to assess the overall health and efficiency of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is reported on an annual, non-seasonally adjusted basis, which may limit its timeliness for some applications.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU02JPA661S), retrieved from FRED.