Index 2005=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU03EUA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
14.29%
Date Range
1/1/1995 - 1/1/2010
Summary
This economic index measures the annual, not seasonally adjusted trend of a key labor productivity metric. It is an important indicator for economists and policymakers to assess the overall health and efficiency of 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 2005=1, Trend, Annual, Not Seasonally Adjusted series tracks changes in labor productivity over time. It provides insights into how output per worker has shifted, which is a critical factor in evaluating economic growth and competitiveness.
Methodology
This index is calculated by the U.S. Federal Reserve using data on output and labor hours.
Historical Context
Policymakers closely monitor this productivity trend to inform decisions around economic policy, workforce development, and investment strategies.
Key Facts
- The index uses 2005 as the base year with a value of 1.
- It tracks annual, not seasonally adjusted changes in labor productivity.
- Higher index values indicate improved labor efficiency and output per worker.
FAQs
Q: What does this economic trend measure?
A: This index measures annual changes in labor productivity, specifically the ratio of economic output to labor hours worked.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic health and competitiveness, as it reflects the efficiency and skill of the workforce.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Federal Reserve using data on real output and labor hours.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this productivity index to inform decisions around workforce development, investment strategies, and overall economic policy.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted index may have a several-month delay in reporting the latest data.
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Citation
U.S. Federal Reserve, Index 2005=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU03EUA662N), retrieved from FRED.