Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU05EEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
66.73%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the annual change in unit labor costs for the non-farm business sector in the United States. This metric is a key indicator of productivity and inflationary 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 cost of labor per unit of output, providing insight into the relationship between compensation and productivity. This index is widely tracked by economists and policymakers to assess the underlying health of the economy and inform monetary and fiscal policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of employee compensation and output.
Historical Context
Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to gauge inflationary risks and guide policy responses.
Key Facts
- The index has a base year of 2010 = 1.
- Annual data is reported, not seasonally adjusted.
- Unit labor costs measure the cost of labor per unit of output.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the annual change 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: Unit labor costs provide insight into the relationship between compensation and productivity, making this metric a key indicator of inflationary 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 employee compensation and output.
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 gauge inflationary risks and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted data is released with a typical delay of several months by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU05EEA661N), retrieved from FRED.