Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU04O1A661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
58.16%
Date Range
1/1/1990 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' economic trend measures the annual change in unit labor costs for the U.S. manufacturing sector. This metric is a key indicator of inflationary pressure and labor productivity.
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 tracks the relationship between output per hour and hourly compensation in the manufacturing industry. It represents the cost of labor required to produce one unit of output and is used by economists to assess a country's international competitiveness and inflationary dynamics.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
This trend informs economic policy and investment decisions related to the health and productivity of the U.S. manufacturing sector.
Key Facts
- The index was set to 1.0 in 2010 as the base year.
- Values above 1.0 indicate rising unit labor costs.
- Falling unit labor costs signal improving productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual change in unit labor costs for the U.S. manufacturing sector, which represents the cost of labor required to produce one unit of output.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressure and labor productivity, informing economic policy and investment decisions related to the manufacturing industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: This trend informs policy and investment decisions related to the health and productivity of the U.S. manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published annually with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU04O1A661S), retrieved from FRED.