Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU03PTA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
9.43%
Date Range
1/1/2000 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted series measures the annual change in unit labor costs for the U.S. private business sector. This metric is a key indicator of inflationary pressures and productivity 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 these costs over time, providing insights into the efficiency and competitiveness of the U.S. private sector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using compensation and productivity data.
Historical Context
Policymakers and analysts monitor unit labor costs to assess macroeconomic conditions and inform decisions on monetary and fiscal policy.
Key Facts
- The index has a base year of 2010.
- Unit labor costs increased by 2.8% in 2021.
- Rising unit labor costs can signal inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Annual, Not Seasonally Adjusted series measures the annual change in unit labor costs for the U.S. private business sector.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and productivity in the economy, providing insights for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using compensation and productivity data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor unit labor costs to assess macroeconomic conditions and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released annually with a short delay, reflecting the time needed to compile the necessary inputs.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU03PTA661S), retrieved from FRED.