Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU05LUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
22.52%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the annual average of the Bureau of Labor Statistics' unit labor cost index for the U.S. business sector. This metric is a key indicator of inflationary pressures and productivity trends in the economy.
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 average cost of labor per unit of output, reflecting both wage changes and productivity. This helps economists assess the sustainability of economic growth and firms' pricing power.
Methodology
The data is calculated by the Bureau of Labor Statistics based on measures of hourly compensation and output per hour.
Historical Context
Policymakers at the Federal Reserve closely monitor unit labor costs to guide monetary policy decisions.
Key Facts
- The index is benchmarked to 1.0 for the year 2010.
- Unit labor costs rose 1.7% on average per year from 2010-2021.
- Rising 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' series tracks the annual average of the Bureau of Labor Statistics' unit labor cost index for the U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and productivity trends in the economy, helping economists assess the sustainability of economic growth and firms' pricing power.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Labor Statistics based on measures of hourly compensation and output per hour.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve closely monitor unit labor costs to guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually by the Bureau of Labor Statistics with a delay of several months.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU05LUA661S), retrieved from FRED.