Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU06EEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
128.10%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the unit labor costs in the total economy of the United States. This key metric provides insights into 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 and are a crucial indicator of a country's economic competitiveness. Analyzing this trend helps economists and policymakers assess the relationship between wages, productivity, and inflation.
Methodology
This data is calculated by the U.S. Federal Reserve as an index with a base year of 2010.
Historical Context
The unit labor cost index is widely used in macroeconomic analysis and to inform monetary and fiscal policy decisions.
Key Facts
- The base year for the index is 2010.
- Unit labor costs reflect the relationship between hourly compensation and labor productivity.
- Rising unit labor costs can signal increased inflationary pressure in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the unit labor costs in the total economy of the United States.
Q: Why is this trend relevant for users or analysts?
A: Analyzing unit labor cost trends provides insights into labor productivity and inflationary pressures, which are crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: This data is calculated by the U.S. Federal Reserve as an index with a base year of 2010.
Q: How is this trend used in economic policy?
A: The unit labor cost index is widely used in macroeconomic analysis and to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the Federal Reserve and may be subject to revisions.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU06EEA661N), retrieved from FRED.