Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU02EEA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
20.78%
Date Range
1/1/1995 - 1/1/2010
Summary
This annual, not seasonally adjusted index measures changes in real unit labor costs, a key indicator of productivity and inflationary pressures in the U.S. economy.
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 index of real unit labor costs tracks the relationship between labor compensation and productivity. It is used by economists and policymakers to assess the sustainability of economic growth and potential inflationary risks.
Methodology
The data is calculated from metrics on employee compensation and output per hour.
Historical Context
The real unit labor cost index provides important context for the Federal Reserve's monetary policy decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Real unit labor costs have risen by over 10% since 2010.
- Sustained increases in the index can signal inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in real unit labor costs, which represent the relationship between employee compensation and productivity.
Q: Why is this trend relevant for users or analysts?
A: The real unit labor cost index is a key indicator used by economists and policymakers to assess inflationary risks and the sustainability of economic growth.
Q: How is this data collected or calculated?
A: The data is calculated from metrics on employee compensation and output per hour.
Q: How is this trend used in economic policy?
A: The real unit labor cost index provides important context for the Federal Reserve's monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is released annually with no update delays, though it may not fully capture short-term fluctuations in labor costs and productivity.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU02EEA662N), retrieved from FRED.