Index 2005=1, Annual, Not Seasonally Adjusted
ULQBBU08EUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
28.19%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Index 2005=1, Annual, Not Seasonally Adjusted' series measures the annual change in unit labor costs for the U.S. business sector. It is a key indicator of inflationary pressures and productivity trends.
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 provides insight into the relationship between wages, productivity, and overall price levels in the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and other government sources.
Historical Context
Policymakers and economists closely monitor unit labor cost trends to assess the health of the labor market and potential for future inflation.
Key Facts
- Unit labor costs increased by 1.9% in 2021.
- The index has a base year of 2005 = 1.
- Data is reported on an annual, not seasonally adjusted basis.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2005=1, Annual, Not Seasonally Adjusted' series measures the annual change in unit labor costs for the U.S. business sector.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of inflationary pressures and productivity trends, providing insight into the relationship between wages, output, and overall price levels in the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and other government sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor unit labor cost trends to assess the health of the labor market and potential for future inflation, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported on an annual, not seasonally adjusted basis, which may limit its use for short-term analysis.
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Citation
U.S. Federal Reserve, Index 2005=1, Annual, Not Seasonally Adjusted (ULQBBU08EUA661S), retrieved from FRED.