Index 2005=1, Annual, Not Seasonally Adjusted
ULQBBU01EUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
29.01%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2005=1, Annual, Not Seasonally Adjusted' series measures changes in unit labor costs for the U.S. economy over time. This metric is a key indicator of 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
Unit labor costs represent the average cost of labor per unit of output, calculated as the ratio of total labor compensation to real output. This index is used to analyze trends in labor productivity and the relationship between wages and prices.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on measurements of employee compensation and output.
Historical Context
Policymakers and economists closely monitor unit labor costs to assess the overall health of the labor market and inflationary risks.
Key Facts
- Unit labor costs in the U.S. have risen by over 50% since 2005.
- Increasing unit labor costs can signal upward pressure on consumer prices.
- The Federal Reserve monitors unit labor costs as a leading indicator of inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2005=1, Annual, Not Seasonally Adjusted' series measures changes in unit labor costs for the U.S. economy over time.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of productivity and inflationary pressures, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on measurements of employee compensation and output.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor unit labor costs to assess the overall health of the labor market and inflationary risks.
Q: Are there update delays or limitations?
A: The data is published annually by the Bureau of Labor Statistics with a short lag.
Related Trends
Harmonized Index of Consumer Prices: Motor Cars for European Union (27 Countries from 2020)
CP0711EU272020M086NEST
Harmonized Index of Consumer Prices: Books for European Union (28 Countries)
CP0951EU28M086NEST
Total Manufacturing Production for the European Union
PRMNTO01EUQ661S
Working Age Population: Aged 15-24: Males for the European Union
LFWA24MAEUA647N
Harmonized Index of Consumer Prices: Vegetables for European Union (27 Countries from 2020)
CP0117EU272020M086NEST
Employed Population: Aged 55-64: Females for the European Union
LFEM55FEEUA657N
Citation
U.S. Federal Reserve, Index 2005=1, Annual, Not Seasonally Adjusted (ULQBBU01EUA661S), retrieved from FRED.