Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU02G7A661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-6.96%
Date Range
1/1/1990 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted measures the average unit labor costs for the total economy in the United States. This key economic indicator provides insights into 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
The Index 2010=1, Annual, Not Seasonally Adjusted tracks changes in total economy unit labor costs, which reflect the average cost of labor per unit of output. This metric is widely used by economists and policymakers to assess trends in labor productivity and inflationary dynamics.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and output per hour.
Historical Context
This index is a critical input for the Federal Reserve and other institutions when evaluating the state of the economy and making policy decisions.
Key Facts
- The index is set to a base year of 2010 = 1.
- Annual data is reported, not seasonally adjusted.
- The index tracks changes in average labor costs per unit of output.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Annual, Not Seasonally Adjusted measures the average unit labor costs for the total U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity and inflationary pressures, making it a key input for economic analysis and policymaking.
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.
Q: How is this trend used in economic policy?
A: The Index 2010=1, Annual, Not Seasonally Adjusted is a critical input for the Federal Reserve and other institutions when evaluating the state of the economy and making policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually and not seasonally adjusted, which may limit its timeliness for certain applications.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU02G7A661S), retrieved from FRED.