Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU02IEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-32.21%
Date Range
1/1/1985 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted trend measures the ratio of a country's unit labor costs, adjusted for differences in productivity and exchange rates, to its trading partners' unit labor costs. This metric is crucial for assessing a nation's international competitiveness.
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 changes in a country's international cost competitiveness by comparing its unit labor costs relative to those of its major trading partners. It serves as an important indicator for policymakers and economists evaluating the impact of exchange rates, productivity, and labor market conditions on a country's export performance and trade balance.
Methodology
The data is calculated by the U.S. Federal Reserve based on labor cost and productivity statistics.
Historical Context
Policymakers and analysts use this index to monitor a country's ability to compete in global markets and inform trade, monetary, and economic policies.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- It is an annual, not seasonally adjusted data series.
- The index measures changes in relative unit labor costs across countries.
FAQs
Q: What does this economic trend measure?
A: This index measures the ratio of a country's unit labor costs, adjusted for differences in productivity and exchange rates, to its trading partners' unit labor costs. It serves as an indicator of a country's international cost competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for policymakers and economists evaluating a country's export performance and trade balance, as it provides insights into the nation's ability to compete in global markets.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on labor cost and productivity statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor a country's international competitiveness and inform trade, monetary, and economic policies.
Q: Are there update delays or limitations?
A: As an annual data series, there may be delays in the availability of the most recent data points.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU02IEA661N), retrieved from FRED.