Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU05ATA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
21.18%
Date Range
1/1/1988 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' measures the level of unit labor costs in the non-farm business sector relative to the base year of 2010. This provides insight into productivity and inflationary pressures 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, calculated as the ratio of total labor compensation to real output. This index tracks changes in these costs over time, which is a key indicator used by economists and policymakers to assess underlying trends in inflation and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of total labor compensation and real output.
Historical Context
Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Data is reported annually on a not seasonally adjusted basis.
- Rising unit labor costs can signal upward pressure on inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' measures the level of unit labor costs in the non-farm business sector, which represents the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide important insights into productivity, competitiveness, and inflationary pressures in the broader economy, making this a key indicator monitored by economists and policymakers.
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 total labor compensation and real output.
Q: How is this trend used in economic policy?
A: Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is reported annually on a not seasonally adjusted basis, with some lag in availability compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU05ATA661S), retrieved from FRED.