Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU06SEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
51.50%
Date Range
1/1/1993 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the annual change in unit labor costs in the United States. This economic indicator is important for understanding 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, calculated as the ratio of total labor compensation to real output. This metric is a key indicator of productivity and inflationary trends within the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in unit labor costs are closely monitored by policymakers, economists, and market analysts for insights into the health of the economy.
Key Facts
- Unit labor costs rose 5.5% in 2022.
- Productivity growth slowed to 1.7% in 2022.
- Rising unit labor costs can signal increasing inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the annual change in unit labor costs in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs provide insights into productivity and inflationary pressures, which are crucial for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor unit labor cost trends to gauge the health of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' series is updated annually by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU06SEA661N), retrieved from FRED.