Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU05AUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
23.43%
Date Range
1/1/1984 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the annual, non-seasonally adjusted index of unit labor costs in the United States. This metric is a key indicator of productivity and inflationary pressures in the 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 trend is widely used by economists and policymakers to assess changes in a country's international competitiveness and inflationary dynamics.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
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 base year for the index is 2010.
- Unit labor costs represent 60-70% of total production costs for businesses.
- Rising unit labor costs can signal increased inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the annual, non-seasonally adjusted index of unit labor costs in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs are a key indicator of productivity and inflationary pressures, and are closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
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.
Q: Are there update delays or limitations?
A: The data is published annually and may have a delay of several months from the reference period.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU05AUA661S), retrieved from FRED.