Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU08LUA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
38.91%
Date Range
1/1/1985 - 1/1/2010
Summary
This economic trend represents the Index 2010=1 for the annual, not seasonally adjusted Bureau of Labor Statistics (BLS) Employment Cost Index. It is a key indicator of labor costs and a critical input for policymakers and economists in assessing 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 Employment Cost Index (ECI) tracks changes in the price of labor, including wages and benefits, for private industry and state and local government workers. It is a widely used benchmark for analyzing labor market trends and informing decisions on monetary policy, budgeting, and economic forecasting.
Methodology
The data is collected through a survey of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The ECI is a crucial economic indicator used by the Federal Reserve, government agencies, and private sector analysts to monitor labor cost inflation.
Key Facts
- The ECI has a base year of 2010.
- It covers both wages and benefits for private industry and government workers.
- The index is published quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the price of labor, including wages and benefits, for private industry and state and local government workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Employment Cost Index is a critical indicator of inflationary pressures in the labor market, which is closely monitored by policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through a survey of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The ECI is used by the Federal Reserve, government agencies, and private sector analysts to monitor labor cost inflation and inform decisions on monetary policy, budgeting, and economic forecasting.
Q: Are there update delays or limitations?
A: The ECI is published quarterly by the Bureau of Labor Statistics, with a typical release delay of around one month.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU08LUA662N), retrieved from FRED.