Index 2010=1, Quarterly, Not Seasonally Adjusted
ULQBBU05AUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
6.03%
Date Range
7/1/1983 - 7/1/2011
Summary
This economic indicator measures the hourly labor productivity index for the U.S. manufacturing sector on a quarterly, non-seasonally adjusted basis. Productivity trends are a key metric for understanding economic growth and competitiveness.
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 manufacturing labor productivity index tracks changes in the inflation-adjusted output per hour worked in the U.S. manufacturing industry. It is a important measure of efficiency and technological progress that informs economic policy and business decision-making.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics based on data on manufacturing output and labor hours.
Historical Context
Policymakers and analysts monitor manufacturing productivity to assess the health of the industrial sector and the broader economy.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- Quarterly, non-seasonally adjusted data is reported.
- Productivity is a key driver of economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the inflation-adjusted output per hour worked in the U.S. manufacturing sector on a quarterly, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a crucial metric for understanding economic growth, industrial competitiveness, and the adoption of new technologies.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on data on manufacturing output and labor hours.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor manufacturing productivity to assess the health of the industrial sector and the broader economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a non-seasonally adjusted basis.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Not Seasonally Adjusted (ULQBBU05AUQ661N), retrieved from FRED.