Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU06ATA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
17.93%
Date Range
1/1/1988 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted trend measures changes in unit labor costs for the U.S. business sector. It is an important economic indicator for analyzing 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 reflect the average cost of labor per unit of output. This metric combines information on both employee compensation and labor productivity, providing insights into a key driver of inflation. Economists and policymakers closely monitor unit labor costs to understand wage-price dynamics and their implications for macroeconomic policy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey information on employee compensation and output.
Historical Context
Unit labor cost trends are used by the Federal Reserve and other institutions to inform monetary policy decisions and assess the economic outlook.
Key Facts
- The index is based on 2010 as the base year (2010=1).
- Unit labor costs reflect both employee compensation and labor productivity.
- Rising unit labor costs can signal inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Annual, Not Seasonally Adjusted trend measures changes in unit labor costs 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 productivity and inflationary pressures, providing important insights for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment survey information on employee compensation and output.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are used by the Federal Reserve and other institutions to inform monetary policy decisions and assess the economic outlook.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, reflecting the time required to collect and process the underlying survey information.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU06ATA661N), retrieved from FRED.