Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU02ATA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-1.09%
Date Range
1/1/1988 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' measures the annual change in unit labor costs for the U.S. business sector. This key economic indicator provides insights into 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 and are a crucial measure of competitiveness and inflationary trends. This index tracks annual changes in unit labor costs, which can inform macroeconomic policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics as the ratio of hourly compensation to labor productivity.
Historical Context
Policymakers and analysts closely monitor unit labor cost trends to assess the economic climate and potential for price changes.
Key Facts
- The base year for this index is 2010.
- Unit labor costs increased by 2.4% in 2021.
- Rising unit labor costs can signal potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This index measures the annual change in unit labor costs for the U.S. business sector, which represents the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends are a crucial indicator of productivity, competitiveness, and inflationary pressures, making this data highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics as the ratio of hourly compensation to labor productivity.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor unit labor cost trends to assess the economic climate and potential for price changes, which can inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually by the U.S. Bureau of Labor Statistics with a relatively short delay, providing timely insights into this important economic indicator.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU02ATA661N), retrieved from FRED.