Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU05EEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
67.00%
Date Range
1/1/1995 - 1/1/2010
Summary
This annual, not seasonally adjusted index tracks changes in unit labor costs, a key metric for analyzing productivity and labor market trends.
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 Unit Labor Cost Index measures the cost of labor per unit of output, reflecting changes in worker productivity and compensation. It is widely used by economists and policymakers to assess inflationary pressures and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using measures of output and compensation.
Historical Context
This index is closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Key Facts
- Base year is 2010 = 1.0.
- Annual, not seasonally adjusted data.
- Tracks changes in labor compensation relative to output.
FAQs
Q: What does this economic trend measure?
A: The Unit Labor Cost Index measures the cost of labor per unit of output, reflecting changes in worker productivity and compensation.
Q: Why is this trend relevant for users or analysts?
A: This index is widely used by economists and policymakers to assess inflationary pressures and competitiveness in the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using measures of output and compensation.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the Bureau of Labor Statistics with no major update delays.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU05EEA661S), retrieved from FRED.