Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU06EEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
127.94%
Date Range
1/1/1995 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted trend measures changes in unit labor costs for the non-farm business sector in the United States. It is a key economic indicator for assessing 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 average cost of labor per unit of output, reflecting both employee compensation and labor productivity. Economists closely monitor this metric to gauge overall business efficiency and the potential for cost-driven inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on labor compensation and output data.
Historical Context
Policymakers and analysts use this index to inform decisions around monetary and fiscal policy.
Key Facts
- The index uses 2010 as the base year, with a value of 1.
- Annual data is reported, not seasonally adjusted.
- The index tracks changes in labor costs per unit of output.
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 non-farm business sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of productivity and potential inflationary pressures in 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 labor compensation and output data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform decisions around monetary and fiscal policy, as it provides insights into business efficiency and cost-driven inflation.
Q: Are there update delays or limitations?
A: The data is reported annually and is not seasonally adjusted, which may limit its use for short-term analysis.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU06EEA661S), retrieved from FRED.