Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU08SEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
11.43%
Date Range
1/1/1993 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted trend measures changes in unit labor costs, a key indicator of inflation and productivity. It is closely monitored by economists and policymakers to assess the economic outlook.
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 tracks the ratio of hourly compensation to labor productivity for the nonfarm business sector. It provides insight into the underlying cost pressures and competitiveness of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and government agencies.
Historical Context
The unit labor cost index is a critical input for the Federal Reserve's monetary policy decisions.
Key Facts
- The index has a base year of 2010.
- Annual data is reported, not seasonally adjusted.
- The index tracks changes in unit labor costs over time.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Annual, Not Seasonally Adjusted trend measures changes in unit labor costs, which reflect the cost of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and productivity in the economy, making this index highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The unit labor cost index is a critical input for the Federal Reserve's monetary policy decisions, as it provides insights into the underlying cost pressures and competitiveness of the U.S. economy.
Q: Are there update delays or limitations?
A: The annual data is released with a lag, but it provides a comprehensive look at changes in unit labor costs over time.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU08SEA661N), retrieved from FRED.