Index 2010=1, Quarterly, Seasonally Adjusted
ULQBBU05EEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
-0.88%
Date Range
1/1/1995 - 1/1/2011
Summary
The Index 2010=1, Quarterly, Seasonally Adjusted series tracks changes in manufacturing unit labor costs on a quarterly basis, adjusting for seasonal variations. This metric is a key indicator of productivity and cost competitiveness for the U.S. manufacturing sector.
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, Quarterly, Seasonally Adjusted series measures the ratio of hourly compensation to output per hour in the manufacturing sector. It provides insights into the relationship between labor costs and productivity, which is vital for understanding the competitiveness and profitability of U.S. manufacturers.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using survey information on labor compensation and output.
Historical Context
Policymakers and analysts monitor this index to assess the impact of wage growth, automation, and other factors on the cost structure and competitive positioning of American manufacturing.
Key Facts
- The index uses 2010 as the base year (2010=1).
- Quarterly data is adjusted for seasonal variations.
- The index tracks changes in manufacturing unit labor costs.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Quarterly, Seasonally Adjusted series measures changes in manufacturing unit labor costs, which is the ratio of hourly compensation to output per hour in the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relationship between labor costs and productivity, which is vital for understanding the competitiveness and profitability of the U.S. manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using survey information on labor compensation and output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the impact of wage growth, automation, and other factors on the cost structure and competitive positioning of American manufacturing.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (ULQBBU05EEQ661S), retrieved from FRED.