Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU08O1A661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
14.85%
Date Range
1/1/1990 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted measures the trend in labor costs for the U.S. business sector. This metric is closely watched by economists and policymakers as an indicator of inflationary pressures and productivity.
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
This index reflects changes in the total labor costs per unit of output, including wages, benefits, and productivity. It provides insight into the relationship between employee compensation and economic growth, which has important implications for monetary and fiscal policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of businesses and workers.
Historical Context
Policymakers and market analysts use this index to assess the overall health of the U.S. economy and guide policy decisions.
Key Facts
- The index has a base year of 2010.
- The data is reported annually and not seasonally adjusted.
- Rising unit labor costs can signal increasing inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Annual, Not Seasonally Adjusted measures changes in total labor costs per unit of output in the U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relationship between employee compensation and economic growth, which is crucial for understanding inflationary pressures and guiding monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of businesses and workers.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to assess the overall health of the U.S. economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually and not seasonally adjusted, which may limit its timeliness for some applications.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 55 to 64 Years for OECD
OECDLFIN55FESTSAQ
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total
OECDULQELP01IXOBSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for OECD
OECDLFINTTMASTQ
Balance of Payments: Current Account: Revenue for OECD
OECDB6CRTT01CXCUSAQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for OECD
OECDLRHUADMASTSAM
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for OECD - Total
OECDLORSGPNOSTSAM
Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU08O1A661S), retrieved from FRED.