Index 2005=1, Annual, Not Seasonally Adjusted
ULQBBU07EUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
31.01%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2005=1, Annual, Not Seasonally Adjusted' trend measures the annual change in unit labor costs for the United States economy. This key indicator provides insights into 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 calculated as the ratio of total labor compensation to real output. This metric is widely used by economists and policymakers to assess the competitiveness of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Unit labor cost trends are closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Key Facts
- Unit labor costs measure the average cost of labor per unit of output.
- Rising unit labor costs can signal inflationary pressures in the economy.
- The trend is closely watched by the Federal Reserve and other policymakers.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2005=1, Annual, Not Seasonally Adjusted' trend measures the annual change in unit labor costs for the United States economy.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of productivity and inflationary pressures, making them highly relevant for economists, policymakers, and market analysts.
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: Unit labor cost trends are closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the Bureau of Labor Statistics with minimal update delays.
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Citation
U.S. Federal Reserve, Index 2005=1, Annual, Not Seasonally Adjusted (ULQBBU07EUA661S), retrieved from FRED.