Index 2010=1, Annual, Not Seasonally Adjusted
ULQECU01O1A661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
30.37%
Date Range
1/1/1995 - 1/1/2016
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the unit labor costs in the United States. This metric is a key indicator of productivity and inflationary pressures in the economy.
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. They are calculated by dividing total labor costs by real output. This trend is closely watched by policymakers and economists to assess the health of the labor market and inflationary risks.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Unit labor cost trends are used to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. unit labor cost index was 1.00 in 2010 by definition.
- Unit labor costs increased by 2.4% in 2021 compared to the prior year.
- Rising unit labor costs can signal potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual, Not Seasonally Adjusted' series measures the unit labor costs in the United States. Unit labor costs represent the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Unit labor cost trends are closely watched by policymakers and economists as an indicator of productivity and inflationary pressures 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.
Q: How is this trend used in economic policy?
A: Unit labor cost trends are used to inform monetary and fiscal policy decisions by providing insights into labor market dynamics and inflationary risks.
Q: Are there update delays or limitations?
A: The unit labor cost data is published annually with a delay of several months.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (ULQECU01O1A661S), retrieved from FRED.