Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU04G7A661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
58.20%
Date Range
1/1/1990 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted trend measures changes in unit labor costs for the non-farm business sector in the United States. 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
The Index 2010=1, Annual, Not Seasonally Adjusted tracks the ratio of hourly compensation to output per hour for the non-farm business sector. It provides insight into how labor costs are changing relative to productivity, which influences firms' pricing decisions and the overall inflation rate.
Methodology
This index is calculated by the U.S. Bureau of Labor Statistics using data on employee compensation and output.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor unit labor costs to assess inflationary risks and make informed monetary policy decisions.
Key Facts
- The index has a base year of 2010.
- Unit labor costs rose by 3.5% in 2022.
- This metric helps identify trends in labor's share of national income.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Annual, Not Seasonally Adjusted measures changes in unit labor costs for the non-farm business sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into how labor costs are changing relative to productivity, which influences firms' pricing decisions and the overall inflation rate.
Q: How is this data collected or calculated?
A: This index is calculated by the U.S. Bureau of Labor Statistics using data on employee compensation and output.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor unit labor costs to assess inflationary risks and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, and may not capture short-term fluctuations in labor costs.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU04G7A661S), retrieved from FRED.