Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU04PTA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
85.12%
Date Range
1/1/1977 - 1/1/2010
Summary
This economic trend measures the index of business output per hour, a key indicator of productivity and efficiency in 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 Business Output per Hour Index tracks changes in output per hour for the overall U.S. business sector. It is a crucial measure of productivity that economists use to analyze economic growth, competitiveness, and the standard of living.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked.
Historical Context
Policymakers and analysts use this index to assess the economy's capacity for sustainable growth.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- The series is reported annually and not seasonally adjusted.
- Productivity growth is a key driver of long-term economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the index of business output per hour, which reflects productivity and efficiency in the overall U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial driver of economic expansion and competitiveness, so this index is closely monitored by policymakers, economists, and market analysts.
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 real output and hours worked.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the economy's capacity for sustainable growth and to inform decisions on monetary, fiscal, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is reported annually and not seasonally adjusted, which may limit its responsiveness to short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU04PTA662N), retrieved from FRED.