Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU05EEA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
67.30%
Date Range
1/1/1995 - 1/1/2010
Summary
This index measures annual trends in unit labor costs, a key economic indicator that reflects changes in worker productivity and compensation. It is closely monitored by policymakers and analysts to assess inflation pressures 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 Unit Labor Cost Index tracks changes in the cost of labor required to produce one unit of output. It is calculated as the ratio of hourly compensation to labor productivity. Analyzing trends in unit labor costs provides insight into inflationary pressures and the competitive position of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of compensation and productivity.
Historical Context
Unit labor cost trends are a important input for the Federal Reserve and other policymakers in evaluating the economic outlook and setting monetary policy.
Key Facts
- The index has a base year of 2010 = 1.
- Rising unit labor costs can signal potential inflationary pressures.
- Trends in unit labor costs provide insight into international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This index measures annual changes in unit labor costs, which reflect the cost of labor required to produce one unit of output.
Q: Why is this trend relevant for users or analysts?
A: Tracking unit labor cost trends is important for assessing inflationary pressures and the competitiveness of the U.S. economy.
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 compensation and productivity.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are a key input for the Federal Reserve and other policymakers in evaluating the economic outlook and setting monetary policy.
Q: Are there update delays or limitations?
A: The data is published annually with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU05EEA662N), retrieved from FRED.