Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU05HUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
88.17%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the total unit labor costs for the U.S. business sector. This key economic indicator provides insight into labor 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
The unit labor cost index tracks the cost of labor required to produce one unit of output. It is an important measure of competitiveness and can signal potential inflationary trends that policymakers monitor.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output and labor compensation.
Historical Context
Policymakers and analysts use this index to assess the health of the broader economy and guide decisions on interest rates, wages, and prices.
Key Facts
- The index is based on 2010 as the base year with a value of 1.
- Unit labor costs rose 2.6% in 2021 compared to the prior year.
- High unit labor costs can signal potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the total unit labor costs for the U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into labor productivity and inflationary pressures, which are crucial for policymakers and market analysts to monitor.
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 output and labor compensation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health of the broader economy and guide decisions on interest rates, wages, and prices.
Q: Are there update delays or limitations?
A: The data is released on an annual basis with a potential for slight delays in publication.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU05HUA661S), retrieved from FRED.