Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU05DKA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
21.79%
Date Range
1/1/1988 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures changes in unit labor costs for the U.S. business sector. It is a key indicator of inflation pressures and productivity trends.
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 and are calculated as the ratio of total labor compensation to real output. This metric provides insight into the relationship between productivity and labor costs, which is essential for economic policymakers and analysts.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of compensation and productivity.
Historical Context
Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to assess inflationary risks and the overall health of the economy.
Key Facts
- Unit labor costs increased by 2.8% in 2022.
- Rising labor costs can contribute to higher consumer prices.
- Productivity growth helps offset the impact of higher labor costs.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures changes in unit labor costs for the U.S. business sector. It reflects the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide important insights into the relationship between productivity and labor costs, which is crucial for understanding inflation pressures and the overall health of the economy.
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 compensation and productivity.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to assess inflationary risks and the overall health of the economy.
Q: Are there update delays or limitations?
A: The unit labor cost data is released on a quarterly basis with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU05DKA661S), retrieved from FRED.