Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU03HUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
41.98%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' economic trend measures changes in unit labor costs for the non-farm business sector in the United States. This metric is a key indicator of inflationary pressures and productivity in the broader 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
Unit labor costs represent the average cost of labor per unit of output, providing insight into a company's productivity and pricing power. This annual, non-seasonally adjusted index is used by policymakers and analysts to assess macroeconomic conditions and guide monetary and fiscal policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a formula that divides hourly compensation by output per hour.
Historical Context
Trends in unit labor costs are closely watched by the Federal Reserve and other economic institutions to monitor inflationary risks and the overall health of the U.S. economy.
Key Facts
- The index has a base year of 2010.
- Unit labor costs rose by 5.4% in 2022.
- Higher unit labor costs often signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' metric measures changes in unit labor costs for the non-farm business sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs provide insight into productivity and pricing power, making this trend a key indicator of inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using a formula that divides hourly compensation by output per hour.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are closely watched by the Federal Reserve and other economic institutions to monitor inflationary risks and the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, so there may be a lag in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU03HUA661N), retrieved from FRED.