Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU06DKA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
51.75%
Date Range
1/1/1988 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' measures the annual unit labor costs for the manufacturing sector in the United States. This metric is crucial for economists and policymakers 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
This index tracks the changes in the costs of labor per unit of output produced in the U.S. manufacturing industry. It is a key indicator of competitiveness and cost control, providing insights into broader economic trends such as wage growth, productivity, and inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
Policymakers and market analysts use this index to evaluate the health of the manufacturing sector and make informed decisions about economic policy and investment strategies.
Key Facts
- The index has a base year of 2010 = 1.
- It measures annual, not seasonally adjusted unit labor costs.
- The data is collected by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This index measures the annual unit labor costs for the manufacturing sector in the United States. It tracks changes in the costs of labor per unit of output produced.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess labor productivity and inflationary pressures in the manufacturing industry, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to evaluate the health of the manufacturing sector and make informed decisions about economic policy and investment strategies.
Q: Are there update delays or limitations?
A: The data is published annually with no significant update delays, providing a timely snapshot of manufacturing labor costs.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU06DKA661S), retrieved from FRED.