Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU07PTA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
23.60%
Date Range
1/1/2000 - 1/1/2010
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' measures the annual, non-seasonally adjusted output per hour of all persons in the business sector. This metric is a key indicator of labor productivity and economic efficiency.
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
This index tracks changes in the amount of real output produced per hour of labor input in the U.S. business sector. It is a widely-used measure of labor productivity and a driver of economic growth and living standards.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on output and hours worked surveys.
Historical Context
Policymakers and analysts monitor this productivity index to assess the health of the broader economy and guide decisions on economic policies.
Key Facts
- The index has a base year of 2010 = 1.
- Annual data is reported, not seasonally adjusted.
- Increased productivity signals potential for higher economic growth.
FAQs
Q: What does this economic trend measure?
A: This index measures the annual output per hour of labor in the U.S. business sector, providing a gauge of labor productivity.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of economic expansion and rising living standards, making this index a crucial indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this index based on surveys of output and hours worked in the business sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this productivity index to assess the underlying strength of the economy and inform decisions on fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted data for this index is typically published with a lag of several months by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU07PTA661S), retrieved from FRED.