Index 2010=1, Annual, Not Seasonally Adjusted
ULQBBU08G7A661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
11.80%
Date Range
1/1/1990 - 1/1/2010
Summary
The Index 2010=1, Annual, Not Seasonally Adjusted trend measures changes in U.S. unit labor costs for the non-farm business sector on an annual basis. It is a key indicator of labor productivity and inflationary pressure.
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 total labor costs required to produce one unit of output, including wages, benefits, and social insurance contributions. It is used by economists and policymakers to assess trends in productivity, competitiveness, and the potential for inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of labor compensation and output.
Historical Context
The index is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2010 = 1.0.
- Increasing unit labor costs can signal potential inflationary pressures.
- Declining unit labor costs may indicate improving productivity or competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Annual, Not Seasonally Adjusted trend measures changes in U.S. unit labor costs for the non-farm business sector on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of labor productivity and inflationary pressure, used by economists and policymakers to assess trends in competitiveness and the potential for inflation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of labor compensation and output.
Q: How is this trend used in economic policy?
A: The index is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published annually by the Bureau of Labor Statistics with a slight delay, so there may be a lag in the most recent data.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQBBU08G7A661S), retrieved from FRED.