Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU06CAA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
28.93%
Date Range
1/1/1983 - 1/1/2010
Summary
This index measures unit labor costs in the U.S. manufacturing sector on an annual, not seasonally adjusted basis, with 2010 as the base year. It is a key economic indicator for assessing 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 tracks changes in the cost of labor per unit of output, reflecting both wage levels and labor productivity. It is used by economists and policymakers to analyze inflationary pressures and competitiveness within the manufacturing industry.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production worker hours and compensation data.
Historical Context
Trends in unit labor costs are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2010 as the base year, with a value of 1.
- Annual, not seasonally adjusted data is provided.
- The index measures changes in labor costs per unit of output.
FAQs
Q: What does this economic trend measure?
A: This index measures unit labor costs in the U.S. manufacturing sector, reflecting changes in both wage levels and labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs are a key indicator of inflationary pressures and competitiveness within the manufacturing industry, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production worker hours and compensation data.
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 and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is provided on an annual, not seasonally adjusted basis, which may limit its use for certain short-term analyses.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU06CAA661S), retrieved from FRED.