Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU05DKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
22.06%
Date Range
1/1/1988 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the annual change in unit labor costs for the U.S. private business sector. It is a key economic indicator used by policymakers and analysts to assess labor productivity and inflationary pressures.
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 metric provides insight into the relationship between productivity and wage growth, which is crucial for understanding inflation dynamics and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of employee compensation and output.
Historical Context
This index is closely monitored by the Federal Reserve and other economic policymakers to inform decisions on monetary policy and assess the underlying health of the U.S. economy.
Key Facts
- The index is based on 2010 as the base year (2010 = 1.0).
- Unit labor costs rose by 3.1% in 2021, indicating increased inflationary pressures.
- The index is released quarterly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the annual change in unit labor costs for the U.S. private business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the relationship between productivity and wage growth, which is crucial for understanding inflation dynamics and competitiveness.
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 employee compensation and output.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the Federal Reserve and other economic policymakers to inform decisions on monetary policy and assess the underlying health of the U.S. economy.
Q: Are there update delays or limitations?
A: The index is released quarterly by the U.S. Bureau of Labor Statistics, with some delay in availability.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU05DKA661N), retrieved from FRED.