Index 2010=1, Trend
ULQBBU02LUA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
51.90%
Date Range
1/1/1985 - 1/1/2010
Summary
The Index 2010=1, Trend measures the change in unit labor costs over time, which is an important indicator of labor-related production costs and a key input for assessing economic conditions and inflation.
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, Trend is an economic indicator that tracks changes in unit labor costs, which represent the total labor costs per unit of output produced. This metric is widely used by economists and policymakers to analyze labor market dynamics and inflationary pressures in the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and productivity.
Historical Context
Trends in unit labor costs provide insights into the relationship between wages, productivity, and inflation, which are crucial for effective economic policy decisions.
Key Facts
- The index is set to a base year of 2010.
- Unit labor costs represent total labor compensation per unit of real output produced.
- Rising unit labor costs can signal potential inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Trend measures changes in unit labor costs, which represent the total labor costs per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide important insights into labor market dynamics, productivity, and inflationary pressures, which are crucial 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 productivity.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are closely monitored by economists, central banks, and policymakers to assess the broader economic conditions and inform policy decisions related to inflation, employment, and productivity.
Q: Are there update delays or limitations?
A: The Index 2010=1, Trend data is published quarterly by the U.S. Bureau of Labor Statistics, with a typical release delay of approximately two to three months.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend (ULQBBU02LUA662N), retrieved from FRED.