Percent Change
Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU04ATA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
33.41%
Date Range
1/1/1988 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted trend measures the ratio of unit labor costs in the United States, a key economic indicator used to analyze 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
This index represents changes in the inflation-adjusted cost of labor per unit of output, providing insights into the relationship between wages, productivity, and prices. It is a widely referenced metric for assessing the competitiveness of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
Policymakers and economists closely monitor unit labor costs to inform decisions on interest rates, inflation targets, and other macroeconomic policies.
Key Facts
- The index is set to a base year of 2010.
- Unit labor costs reflect changes in both compensation and output per hour.
- Rising unit labor costs can signal potential inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Annual, Not Seasonally Adjusted trend measures changes in unit labor costs, which represent the inflation-adjusted cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of productivity and inflationary pressures, providing insights into the competitiveness of the U.S. economy that are valuable for policymakers and market analysts.
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 hourly compensation and productivity.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor unit labor costs to inform decisions on interest rates, inflation targets, and other macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is released annually by the U.S. Bureau of Labor Statistics with a relatively short delay, providing timely insights into labor market dynamics.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU04ATA661S), retrieved from FRED.