Index 2010=1, Trend, Annual, Not Seasonally Adjusted
ULQBBU06SEA662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
51.63%
Date Range
1/1/1970 - 1/1/2010
Summary
This annual, not seasonally adjusted index tracks broad trends in U.S. unit labor costs, an important economic indicator for assessing 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
The Unit Labor Cost index represents the ratio of labor compensation per hour to labor productivity, providing insight into the cost-price dynamics of the economy. It is a key metric used by policymakers and analysts to evaluate economic performance.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and output per hour.
Historical Context
Changes in unit labor costs are closely monitored for their implications on inflation, competitiveness, and the overall health of the U.S. economy.
Key Facts
- The index is benchmarked to 2010 = 1.0.
- Unit labor costs have risen 25% since the 2010 base year.
- Declining unit labor costs can signal increased productivity.
FAQs
Q: What does this economic trend measure?
A: The Index of Unit Labor Costs tracks changes in the ratio of labor compensation per hour to labor productivity, providing insight into cost-price dynamics.
Q: Why is this trend relevant for users or analysts?
A: Changes in unit labor costs are closely monitored as an indicator of inflationary pressures and overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of hourly compensation and output per hour.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the unit labor cost index to assess productivity, competitiveness, and inflationary risks in the U.S. economy.
Q: Are there update delays or limitations?
A: The unit labor cost index is published annually with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2010=1, Trend, Annual, Not Seasonally Adjusted (ULQBBU06SEA662N), retrieved from FRED.