Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU08O1A662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
24.45%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the index of unit labor costs in the non-farm business sector, with 2010 as the base year. It provides insight into labor productivity and 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 unit labor cost index tracks changes in the cost of labor required to produce one unit of output. It is a key indicator used by economists and policymakers to assess competitiveness, inflation, and the overall health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of output, total labor compensation, and total hours worked.
Historical Context
Policymakers monitor this trend to inform decisions on interest rates, wage policies, and other economic interventions.
Key Facts
- The index has a base year of 2010 = 1.
- Unit labor costs account for both wages and labor productivity.
- Rising unit labor costs can signal inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of unit labor costs in the non-farm business sector, providing insight into labor productivity and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index is a key indicator used by economists and policymakers to assess competitiveness, inflation, 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 measures of output, total labor compensation, and total hours worked.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to inform decisions on interest rates, wage policies, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is reported annually and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU08O1A662N), retrieved from FRED.