Table Data - Equity Market Volatility Tracker: Labor Regulations

Title Equity Market Volatility Tracker: Labor Regulations
Series ID EMNLABORREG
Source Baker, Scott R., Bloom, Nick, Davis, Steven J.
Release Economic Policy Uncertainty (Not a Press Release)
Seasonal Adjustment Not Seasonally Adjusted
Frequency Monthly
Units Index
Date Range 1985-01-01 to 2026-05-01
Last Updated 2026-06-02 8:03 AM CDT
Notes The Equity Market Volatility tracker moves with the VIX and with the realized volatility of returns on the S&P 500.

For more information, see Baker, Scott, Nicholas Bloom and Steven Davis (2019), 'Policy News and Stack Market Volatility'
DATE VALUE
1985-01-01 0.48446
1985-02-01 0.16174
1985-03-01 0.16538
1985-04-01 0.14258
1985-05-01 0.13203
1985-06-01 0.06578
1985-07-01 0.08192
1985-08-01 0.25148
1985-09-01 0.21846
1985-10-01 0.31329
1985-11-01 0.14364
1985-12-01 0.25653
1986-01-01 0.26302
1986-02-01 0.16158
1986-03-01 0.26696
1986-04-01 0.13051
1986-05-01 0.27768
1986-06-01 0.48713
1986-07-01 0.51004
1986-08-01 0.33936
1986-09-01 0.48241
1986-10-01 0.38428
1986-11-01 0.37565
1986-12-01 0.23320
1987-01-01 0.05940
1987-02-01 0.41190
1987-03-01 0.21068
1987-04-01 0.17178
1987-05-01 0.63856
1987-06-01 0.49670
1987-07-01 0.32344
1987-08-01 0.52191
1987-09-01 0.39187
1987-10-01 0.65866
1987-11-01 0.33773
1987-12-01 0.65449
1988-01-01 0.27416
1988-02-01 0.11031
1988-03-01 0.35314
1988-04-01 0.77202
1988-05-01 0.38622
1988-06-01 0.35471
1988-07-01 0.60045
1988-08-01 0.32374
1988-09-01 0.20132
1988-10-01 0.67354
1988-11-01 0.45646
1988-12-01 0.14939
1989-01-01 0.49204
1989-02-01 0.28507
1989-03-01 0.22769
1989-04-01 0.50692
1989-05-01 0.25044
1989-06-01 0.59996
1989-07-01 0.41666
1989-08-01 0.47480
1989-09-01 0.48948
1989-10-01 0.18954
1989-11-01 0.30126
1989-12-01 0.45227
1990-01-01 0.53038
1990-02-01 0.29612
1990-03-01 0.40093
1990-04-01 0.24888
1990-05-01 0.50417
1990-06-01 0.39214
1990-07-01 0.39455
1990-08-01 0.14283
1990-09-01 0.25229
1990-10-01 0.10281
1990-11-01 0.14152
1990-12-01 0.05386
1991-01-01 0.20837
1991-02-01 0.25985
1991-03-01 0.27056
1991-04-01 0.21910
1991-05-01 0.10444
1991-06-01 0.16459
1991-07-01 0.34278
1991-08-01 0.15754
1991-09-01 0.31631
1991-10-01 0.41211
1991-11-01 0.43525
1991-12-01 0.30566
1992-01-01 0.33104
1992-02-01 0.90412
1992-03-01 0.46006
1992-04-01 0.48027
1992-05-01 0.26596
1992-06-01 0.21829
1992-07-01 0.49560
1992-08-01 0.30741
1992-09-01 0.37494
1992-10-01 0.29540
1992-11-01 0.28901
1992-12-01 0.34004
1993-01-01 0.28221
1993-02-01 0.35770
1993-03-01 0.38495
1993-04-01 0.16361
1993-05-01 0.45923
1993-06-01 0.39603
1993-07-01 0.45803
1993-08-01 0.62549
1993-09-01 0.57659
1993-10-01 0.61801
1993-11-01 0.32167
1993-12-01 0.10613
1994-01-01 0.51696
1994-02-01 0.48208
1994-03-01 0.10275
1994-04-01 0.34444
1994-05-01 0.25314
1994-06-01 0.34499
1994-07-01 0.39993
1994-08-01 0.30625
1994-09-01 0.33772
1994-10-01 0.95104
1994-11-01 0.47075
1994-12-01 0.25405
1995-01-01 0.38096
1995-02-01 0.56532
1995-03-01 0.70958
1995-04-01 0.21640
1995-05-01 0.21652
1995-06-01 0.23110
1995-07-01 0.30433
1995-08-01 0.17208
1995-09-01 0.26932
1995-10-01 0.65782
1995-11-01 0.52998
1995-12-01 0.18183
1996-01-01 0.59624
1996-02-01 0.56491
1996-03-01 0.46514
1996-04-01 0.40960
1996-05-01 0.50106
1996-06-01 0.47902
1996-07-01 0.43732
1996-08-01 0.81366
1996-09-01 0.49891
1996-10-01 0.66592
1996-11-01 0.48058
1996-12-01 0.71252
1997-01-01 0.71262
1997-02-01 0.38413
1997-03-01 0.73713
1997-04-01 0.83240
1997-05-01 0.78615
1997-06-01 1.57736
1997-07-01 0.63405
1997-08-01 0.94510
1997-09-01 1.09082
1997-10-01 1.00314
1997-11-01 0.51955
1997-12-01 0.67509
1998-01-01 0.53329
1998-02-01 0.62746
1998-03-01 0.58599
1998-04-01 0.53821
1998-05-01 0.85144
1998-06-01 0.67664
1998-07-01 0.57688
1998-08-01 0.54756
1998-09-01 0.99466
1998-10-01 0.87468
1998-11-01 0.84884
1998-12-01 0.99022
1999-01-01 1.75177
1999-02-01 0.37706
1999-03-01 0.76257
1999-04-01 0.72244
1999-05-01 0.72339
1999-06-01 0.70005
1999-07-01 1.10863
1999-08-01 1.06656
1999-09-01 1.13176
1999-10-01 1.31080
1999-11-01 0.68696
1999-12-01 0.84598
2000-01-01 0.40981
2000-02-01 0.29284
2000-03-01 0.45203
2000-04-01 0.12216
2000-05-01 0.28590
2000-06-01 0.05739
2000-07-01 0.16572
2000-08-01 0.21295
2000-09-01 0.37518
2000-10-01 0.21127
2000-11-01 0.33619
2000-12-01 0.37965
2001-01-01 0.38629
2001-02-01 0.28006
2001-03-01 0.26132
2001-04-01 0.10549
2001-05-01 0.16248
2001-06-01 0.27083
2001-07-01 0.44975
2001-08-01 0.22250
2001-09-01 0.51826
2001-10-01 0.30882
2001-11-01 0.17368
2001-12-01 0.41588
2002-01-01 0.53278
2002-02-01 0.23276
2002-03-01 0.20848
2002-04-01 0.34337
2002-05-01 0.05374
2002-06-01 0.29314
2002-07-01 0.52509
2002-08-01 0.32848
2002-09-01 0.62440
2002-10-01 0.42954
2002-11-01 0.34109
2002-12-01 0.44710
2003-01-01 0.60487
2003-02-01 0.54550
2003-03-01 0.69846
2003-04-01 0.64437
2003-05-01 0.00000
2003-06-01 0.42440
2003-07-01 0.83861
2003-08-01 0.64786
2003-09-01 0.58744
2003-10-01 0.44995
2003-11-01 0.19173
2003-12-01 0.42409
2004-01-01 0.31718
2004-02-01 0.10392
2004-03-01 0.24185
2004-04-01 0.36075
2004-05-01 0.26133
2004-06-01 0.36554
2004-07-01 0.33314
2004-08-01 0.25799
2004-09-01 0.25537
2004-10-01 0.39914
2004-11-01 0.36655
2004-12-01 0.20615
2005-01-01 0.62704
2005-02-01 0.16590
2005-03-01 0.24043
2005-04-01 0.25563
2005-05-01 0.51203
2005-06-01 0.26131
2005-07-01 0.09460
2005-08-01 0.22835
2005-09-01 0.19163
2005-10-01 0.18162
2005-11-01 0.31068
2005-12-01 0.16788
2006-01-01 0.28405
2006-02-01 0.25286
2006-03-01 0.04653
2006-04-01 0.09735
2006-05-01 0.10547
2006-06-01 0.11395
2006-07-01 0.11524
2006-08-01 0.16752
2006-09-01 0.19715
2006-10-01 0.23993
2006-11-01 0.56918
2006-12-01 0.23513
2007-01-01 0.36085
2007-02-01 0.20323
2007-03-01 0.41371
2007-04-01 0.18028
2007-05-01 0.18228
2007-06-01 0.37278
2007-07-01 0.15499
2007-08-01 0.31244
2007-09-01 0.20019
2007-10-01 0.29289
2007-11-01 0.09598
2007-12-01 0.05143
2008-01-01 0.31993
2008-02-01 0.36027
2008-03-01 0.28460
2008-04-01 0.18727
2008-05-01 0.18976
2008-06-01 0.08859
2008-07-01 0.28177
2008-08-01 0.13730
2008-09-01 0.68479
2008-10-01 0.30522
2008-11-01 0.48092
2008-12-01 0.47513
2009-01-01 0.17876
2009-02-01 0.51332
2009-03-01 0.41901
2009-04-01 0.33151
2009-05-01 0.41428
2009-06-01 0.06488
2009-07-01 0.32848
2009-08-01 0.21904
2009-09-01 0.20979
2009-10-01 0.21295
2009-11-01 0.22985
2009-12-01 0.30323
2010-01-01 0.41108
2010-02-01 0.38832
2010-03-01 0.10730
2010-04-01 0.34170
2010-05-01 0.11016
2010-06-01 0.22726
2010-07-01 0.75364
2010-08-01 0.26578
2010-09-01 0.36373
2010-10-01 0.09925
2010-11-01 0.17061
2010-12-01 0.27440
2011-01-01 0.40085
2011-02-01 0.10912
2011-03-01 0.23495
2011-04-01 0.33249
2011-05-01 0.23767
2011-06-01 0.29627
2011-07-01 0.26818
2011-08-01 0.37997
2011-09-01 0.38065
2011-10-01 0.36061
2011-11-01 0.24226
2011-12-01 0.47289
2012-01-01 0.30219
2012-02-01 0.42708
2012-03-01 0.18363
2012-04-01 0.23533
2012-05-01 0.26739
2012-06-01 0.34223
2012-07-01 0.22053
2012-08-01 0.30882
2012-09-01 0.24411
2012-10-01 0.33570
2012-11-01 0.16324
2012-12-01 0.20396
2013-01-01 0.22760
2013-02-01 0.39309
2013-03-01 0.43798
2013-04-01 0.15137
2013-05-01 0.19880
2013-06-01 0.19524
2013-07-01 0.36692
2013-08-01 0.20623
2013-09-01 0.22863
2013-10-01 0.16723
2013-11-01 0.46255
2013-12-01 0.56932
2014-01-01 1.25719
2014-02-01 0.53292
2014-03-01 0.47645
2014-04-01 0.55096
2014-05-01 0.76021
2014-06-01 0.21823
2014-07-01 0.41690
2014-08-01 0.50047
2014-09-01 0.22372
2014-10-01 0.60926
2014-11-01 0.45030
2014-12-01 0.36489
2015-01-01 0.87930
2015-02-01 0.54838
2015-03-01 0.81362
2015-04-01 0.61149
2015-05-01 0.52456
2015-06-01 0.34985
2015-07-01 0.42854
2015-08-01 0.54007
2015-09-01 0.21995
2015-10-01 0.59330
2015-11-01 1.12499
2015-12-01 0.89387
2016-01-01 0.59136
2016-02-01 0.50967
2016-03-01 0.34453
2016-04-01 0.29223
2016-05-01 0.19417
2016-06-01 0.19179
2016-07-01 0.08958
2016-08-01 0.40952
2016-09-01 0.08444
2016-10-01 0.19825
2016-11-01 0.45911
2016-12-01 0.09976
2017-01-01 0.41486
2017-02-01 0.55265
2017-03-01 0.28504
2017-04-01 0.35497
2017-05-01 0.00000
2017-06-01 0.33046
2017-07-01 0.22080
2017-08-01 0.58970
2017-09-01 0.34485
2017-10-01 0.08946
2017-11-01 0.12291
2017-12-01 0.81821
2018-01-01 0.00000
2018-02-01 0.24542
2018-03-01 0.32793
2018-04-01 0.00000
2018-05-01 0.12757
2018-06-01 1.01961
2018-07-01 0.11754
2018-08-01 0.00000
2018-09-01 0.46224
2018-10-01 0.11886
2018-11-01 0.60835
2018-12-01 0.90559
2019-01-01 0.44365
2019-02-01 0.12540
2019-03-01 1.03118
2019-04-01 0.62171
2019-05-01 0.75587
2019-06-01 0.69196
2019-07-01 0.68094
2019-08-01 0.87816
2019-09-01 0.73168
2019-10-01 0.10630
2019-11-01 0.45005
2019-12-01 0.47224
2020-01-01 0.26370
2020-02-01 1.17195
2020-03-01 1.47358
2020-04-01 0.70308
2020-05-01 1.04505
2020-06-01 1.11707
2020-07-01 0.77775
2020-08-01 0.65212
2020-09-01 0.15390
2020-10-01 1.37559
2020-11-01 0.30591
2020-12-01 0.50881
2021-01-01 1.20071
2021-02-01 0.32151
2021-03-01 2.08285
2021-04-01 1.29024
2021-05-01 1.53374
2021-06-01 0.85086
2021-07-01 0.48536
2021-08-01 0.86145
2021-09-01 1.01353
2021-10-01 0.00000
2021-11-01 1.28504
2021-12-01 0.59638
2022-01-01 0.00000
2022-02-01 0.00000
2022-03-01 0.53604
2022-04-01 0.00000
2022-05-01 0.45428
2022-06-01 0.00000
2022-07-01 0.00000
2022-08-01 0.00000
2022-09-01 0.24437
2022-10-01 0.43471
2022-11-01 0.41180
2022-12-01 0.63764
2023-01-01 0.90633
2023-02-01 0.00000
2023-03-01 0.00000
2023-04-01 0.95652
2023-05-01 0.16999
2023-06-01 0.00000
2023-07-01 0.52229
2023-08-01 0.28098
2023-09-01 0.00000
2023-10-01 0.00000
2023-11-01 0.00000
2023-12-01 0.55548
2024-01-01 0.88528
2024-02-01 0.76075
2024-03-01 0.71921
2024-04-01 0.00000
2024-05-01 0.46781
2024-06-01 1.30615
2024-07-01 0.00000
2024-08-01 0.63048
2024-09-01 0.88509
2024-10-01 0.37559
2024-11-01 0.38958
2024-12-01 0.66515
2025-01-01 1.10980
2025-02-01 2.39700
2025-03-01 0.42188
2025-04-01 1.92487
2025-05-01 0.63296
2025-06-01 0.66568
2025-07-01 1.23327
2025-08-01 1.28531
2025-09-01 0.00000
2025-10-01 1.13669
2025-11-01 0.81321
2025-12-01 0.00000
2026-01-01 1.22191
2026-02-01 0.00000
2026-03-01 0.00000
2026-04-01 0.50139
2026-05-01 0.00000

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