Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU08FIA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
16.08%
Date Range
1/1/1975 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the annual index of unit labor costs in the U.S. manufacturing sector. This metric is a key indicator of labor 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 costs represent the cost of labor per unit of output and are calculated as the ratio of total labor compensation to real output. This trend is closely monitored by economists and policymakers to assess the competitiveness of U.S. manufacturing and inflationary risks.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Historical Context
Trends in unit labor costs influence the Federal Reserve's monetary policy decisions and provide insight into the overall health of the U.S. economy.
Key Facts
- The index is set to 1.0 in 2010 as the base year.
- Annual unit labor costs increased by 2.4% in 2021.
- Declining unit labor costs can signal improved manufacturing efficiency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual index of unit labor costs in the U.S. manufacturing sector, which represents the cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs are closely watched by economists and policymakers as an indicator of labor productivity and inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs influence the Federal Reserve's monetary policy decisions and provide insight into the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released annually with a short delay, and may not capture all changes in manufacturing unit labor costs.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU08FIA661S), retrieved from FRED.