Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU04JPA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-1.23%
Date Range
1/1/1970 - 1/1/2010
Summary
This index measures annual trends in unit labor costs, a key economic indicator reflecting productivity and inflation 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 widely used by economists and policymakers to analyze productivity, competitiveness, and potential inflationary trends.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on labor compensation and productivity statistics.
Historical Context
Trends in unit labor costs provide important insights for monetary and fiscal policy decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- The data is reported annually and not seasonally adjusted.
- Increasing unit labor costs can signal potential inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This index measures annual changes in unit labor costs, which reflect the cost of labor required to produce one unit of output.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide important insights into productivity, competitiveness, and potential inflationary pressures in 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 labor compensation and productivity statistics.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are closely monitored by economists and policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually and not seasonally adjusted, which may limit its use for short-term analysis.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU04JPA662N), retrieved from FRED.