Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU04CZQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.92
Year-over-Year Change
-5.27%
Date Range
1/1/1998 - 4/1/2011
Summary
The 'Index 2010=1, Quarterly, Not Seasonally Adjusted' trend measures changes in unit labor costs in the U.S. manufacturing sector. This metric is crucial for economists and policymakers to assess labor productivity and cost 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. This index tracks changes in manufacturing labor costs relative to a 2010 baseline. The trend is used to evaluate efficiency, inflation risks, and the international competitiveness of U.S. manufacturing.
Methodology
The U.S. Bureau of Labor Statistics calculates this index based on data on employee compensation and output.
Historical Context
Policymakers monitor this manufacturing labor cost index to help guide decisions on interest rates, trade, and economic policy.
Key Facts
- The index uses 2010 as the base year, with a value of 1.0.
- Quarterly, not seasonally adjusted data is published by the Federal Reserve.
- Rising unit labor costs can signal inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Quarterly, Not Seasonally Adjusted' trend measures changes in unit labor costs in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess labor productivity and cost pressures in the manufacturing industry, which can impact inflation, trade, and economic policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this index based on data on employee compensation and output.
Q: How is this trend used in economic policy?
A: Policymakers monitor this manufacturing labor cost index to help guide decisions on interest rates, trade, and economic policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU04CZQ661N), retrieved from FRED.