Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU04CZA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
96.47%
Date Range
1/1/1992 - 1/1/2010
Summary
This economic trend measures the unit labor cost index for the U.S. manufacturing sector. It is a key indicator of inflationary pressures and competitiveness 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
The unit labor cost index tracks changes in the average cost of labor per unit of output, reflecting both productivity and compensation trends. It is a widely-used metric for analyzing labor market dynamics and their impact on business profitability and prices.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production worker hours, employee compensation, and manufacturing output.
Historical Context
Policymakers and analysts monitor this index to assess the potential for inflation and the international competitiveness of U.S. manufacturers.
Key Facts
- The index is based on 2010 as the base year with a value of 1.0.
- The data is reported annually on a not seasonally adjusted basis.
- Rising unit labor costs can signal increased inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor cost index for the U.S. manufacturing sector, which tracks changes in the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key indicator of inflationary pressures and competitiveness in the economy, making it important for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production worker hours, employee compensation, and manufacturing output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the potential for inflation and the international competitiveness of U.S. manufacturers.
Q: Are there update delays or limitations?
A: The data is reported annually on a not seasonally adjusted basis, which may limit its timeliness for some applications.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU04CZA662N), retrieved from FRED.