Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU02O1A661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-1.99%
Date Range
1/1/1990 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the cost of labor per unit of output in the U.S. manufacturing sector. This key productivity metric helps economists and policymakers assess inflationary pressures 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
The unit labor cost index tracks changes in the cost of labor required to produce one unit of output. It is calculated as the ratio of total labor compensation to real output. This provides insight into how labor costs are impacting prices and profitability for manufacturers.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' productivity and cost program.
Historical Context
Unit labor costs are closely monitored by the Federal Reserve and other economic analysts to gauge inflationary risks and the overall health of the manufacturing sector.
Key Facts
- The index is set to a base year of 2010 = 1.
- Annual, not seasonally adjusted data is reported.
- The index can signal rising inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the cost of labor per unit of output in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This key productivity metric helps economists and policymakers assess inflationary pressures and the competitiveness of the U.S. manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' productivity and cost program.
Q: How is this trend used in economic policy?
A: Unit labor costs are closely monitored by the Federal Reserve and other economic analysts to gauge inflationary risks and the overall health of the manufacturing sector.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted data may have a short publication delay compared to some other economic indicators.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU02O1A661S), retrieved from FRED.