Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU08ATA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
13.39%
Date Range
1/1/1988 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted series measures the overall level of unit labor costs in the U.S. economy. This metric is a key indicator of inflationary pressures and competitiveness.
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 represent the average cost of labor per unit of output and are calculated as the ratio of total labor compensation to real output. This index provides insights into productivity, wage growth, and the potential for price increases.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using compensation and productivity data.
Historical Context
Economists and policymakers closely monitor unit labor costs to assess macroeconomic conditions and guide monetary and fiscal policy decisions.
Key Facts
- The index is benchmarked to 2010 = 1.0.
- Unit labor costs rose 2.4% in 2021.
- Increasing unit labor costs can signal potential inflation.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Annual, Not Seasonally Adjusted series measures the overall level of unit labor costs in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and competitiveness, providing insights into productivity, wage growth, and the potential for price increases.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using compensation and productivity data.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor unit labor costs to assess macroeconomic conditions and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually with a delay, and may not capture all economic factors affecting unit labor costs.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU08ATA661N), retrieved from FRED.