Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU04O1A662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
64.40%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the index of unit labor costs in the business sector, a key indicator of inflationary pressures and productivity changes 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
The unit labor cost index tracks the average cost of labor per unit of output, reflecting changes in worker compensation and productivity. It is a widely used metric for assessing the competitiveness of U.S. businesses and the overall health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using established techniques for measuring labor productivity and compensation.
Historical Context
Policymakers and analysts closely monitor unit labor costs to gauge inflationary risks and inform decisions on monetary and fiscal policy.
Key Facts
- The index has a base year of 2010 = 1.
- The data is reported annually and not seasonally adjusted.
- Declining unit labor costs can indicate rising productivity or moderate wage growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of unit labor costs in the U.S. business sector, which reflects changes in worker compensation and productivity.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and the overall competitiveness of U.S. businesses, making this trend highly relevant for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using established techniques for measuring labor productivity and compensation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor unit labor costs to gauge inflationary risks and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported annually and not seasonally adjusted, which may limit its timeliness for some analyses.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU04O1A662N), retrieved from FRED.