Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU01DKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
36.77%
Date Range
1/1/1988 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the cost of labor input per unit of real output produced by the U.S. manufacturing sector. It is a key indicator of productivity and 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 unit labor costs, which represent the average cost of labor per unit of output. It is used by economists and policymakers to assess manufacturing sector efficiency and international trade dynamics.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of manufacturing output and total labor compensation.
Historical Context
Trends in unit labor costs inform economic policy decisions related to trade, inflation, and productivity targets.
Key Facts
- Base year is 2010 = 1.0
- Data is reported annually, not seasonally adjusted
- Measures labor costs per unit of real output
FAQs
Q: What does this economic trend measure?
A: This trend measures unit labor costs in the U.S. manufacturing sector, which represent the average cost of labor per unit of real output produced.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs are a key indicator of manufacturing sector productivity and international competitiveness, informing economic policy decisions.
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 manufacturing output and total labor compensation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess manufacturing efficiency and inform decisions related to trade, inflation, and productivity targets.
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, Annual, Not Seasonally Adjusted (ULQBBU01DKA661N), retrieved from FRED.