Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU06LUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
52.43%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the unit labor cost index for the U.S. manufacturing sector. This key economic indicator provides insights into productivity, inflation, 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 a crucial metric for understanding manufacturing sector dynamics and assessing broader macroeconomic trends.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using production and compensation data.
Historical Context
Economists and policymakers monitor this index to gauge inflationary pressures and the competitiveness of U.S. manufacturing.
Key Facts
- The index is benchmarked to 2010 = 1.
- Annual, not seasonally adjusted data is reported.
- The index tracks changes in labor costs per unit of output.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures changes in the unit labor cost index for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The unit labor cost index provides key insights into manufacturing productivity, inflationary pressures, and international competitiveness, making it a crucial metric for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using production and compensation data.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess inflationary risks and the competitiveness of the U.S. manufacturing sector, which informs decisions on monetary and trade policy.
Q: Are there update delays or limitations?
A: The data is reported annually and may have a lag of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU06LUA661N), retrieved from FRED.