Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU02ATA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-4.83%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Index 2010=1, Trend, Annual, Not Seasonally Adjusted' metric tracks changes in unit labor costs over time. It's a key economic indicator used to assess labor 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
This index measures the ratio of hourly compensation to labor productivity for the nonfarm business sector. It provides insight into the relationship between wages, output, and employment, which is crucial for understanding economic trends and informing policymaking.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and output per hour for the nonfarm business sector.
Historical Context
Policymakers and analysts monitor this index to gauge the sustainability of economic growth and potential inflationary risks.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- It measures changes in unit labor costs on an annual basis.
- The data is not seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in unit labor costs, which is the ratio of hourly compensation to labor productivity in the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relationship between wages, output, and employment, which is crucial for understanding economic trends and informing policymaking 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 hourly compensation and output per hour for the nonfarm business sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to gauge the sustainability of economic growth and potential inflationary risks, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually and may have a delay in publication compared to other economic indicators.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU02ATA662N), retrieved from FRED.