Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU06SEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
51.13%
Date Range
1/1/1993 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the unit labor cost in the U.S. manufacturing sector. It is a key indicator of productivity and inflationary pressures 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
Unit labor cost is the ratio of labor compensation to real output, providing insight into the cost-competitiveness of domestic production. This metric is widely used by economists and policymakers to assess the health of the manufacturing industry and overall economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on employment, compensation, and productivity data.
Historical Context
Unit labor cost trends are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Annual data is reported, not seasonally adjusted.
- Rising unit labor costs can signal inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the unit labor cost in the U.S. manufacturing sector, which is the ratio of labor compensation to real output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost is a key indicator of productivity and inflationary pressures, providing insights into the cost-competitiveness of domestic manufacturing and the overall health of 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 employment, compensation, and productivity data.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually and not seasonally adjusted, so there may be some delay in availability and limitations in capturing short-term fluctuations.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU06SEA661S), retrieved from FRED.