Index 2010=1, Annual
ULQBBU02LUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
52.68%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2010=1, Annual' series measures the ratio of unit labor costs in the United States on an annual basis, with 2010 as the base year. This metric is a key indicator of labor productivity and inflationary pressures.
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 and are calculated as the ratio of total labor compensation to real output. This series provides insight into the relationship between wages, productivity, and inflation that is crucial for economic analysis and policymaking.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of compensation and productivity.
Historical Context
Unit labor cost trends are closely monitored by the Federal Reserve and other economic institutions to assess inflationary risks and inform monetary policy decisions.
Key Facts
- The base year for this index is 2010.
- Unit labor costs are a key indicator of inflationary pressures.
- This metric is closely watched by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual' series measures the ratio of unit labor costs in the United States on an annual basis, with 2010 as the base year.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs provide insight into the relationship between wages, productivity, and inflation, which is crucial for economic analysis and policymaking.
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 compensation and productivity.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are closely monitored by the Federal Reserve and other economic institutions to assess inflationary risks and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is available on an annual basis with typical publication lags.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Male: 15 Years or over for Luxembourg
LFHUTTMALUQ647S
Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Luxembourg
LUXCPHP0700IXEBM
Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Luxembourg
LRUN24MALUQ156S
Life Insurance Premium Volume to GDP for Luxembourg
DDDI09LUA156NWDB
Infra-Annual Labor Statistics: Employees Total for Luxembourg
LFESEETTLUA647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Luxembourg
LUXCP020000GYM
Citation
U.S. Federal Reserve, Index 2010=1, Annual (ULQBBU02LUA661N), retrieved from FRED.