Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for Switzerland
Quarterly, Seasonally Adjusted
LFEAAGTTCHQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,100.00
Year-over-Year Change
13.91%
Date Range
4/1/1998 - 1/1/2025
Summary
This quarterly, seasonally adjusted economic indicator measures the total compensation for the nonfarm business sector, providing insights into labor costs and productivity.
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
The Nonfarm Business Sector: Total Compensation per Hour is a key measure of labor costs and productivity for the U.S. economy. It is widely used by economists and policymakers to assess inflationary pressures and evaluate the health of the labor market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This metric informs monetary and fiscal policy decisions that aim to promote stable prices and full employment.
Key Facts
- The nonfarm business sector accounts for about 75% of the U.S. economy.
- Compensation per hour is a comprehensive measure of labor costs, including wages, salaries, and benefits.
- This metric is seasonally adjusted to account for predictable fluctuations throughout the year.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total compensation per hour for workers in the nonfarm business sector, which includes most of the U.S. economy except for the farming, household, and nonprofit sectors.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in compensation per hour is crucial for understanding labor costs, productivity, and inflationary pressures in the economy. This metric informs monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Productivity and Costs program.
Q: How is this trend used in economic policy?
A: The Nonfarm Business Sector: Total Compensation per Hour is a key input for the Federal Reserve and other policymakers when assessing the overall health of the labor market and inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: This data is reported quarterly with a lag of approximately 2 months after the end of the reference quarter.
Related Trends
Number of Identified Exporters to Switzerland from Colorado
COCHEA475SCEN
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Switzerland
LRAC24TTCHQ156S
Harmonized Index of Consumer Prices: Beer for Switzerland
CP0213CHM086NEST
Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland
CHECPHP0100GPM
Share Prices: All Shares/Broad: Total for Switzerland
SPASTT01CHQ657N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Switzerland
CHECPGRGO01IXOBM
Citation
U.S. Federal Reserve, Nonfarm Business Sector: Total Compensation per Hour (LFEAAGTTCHQ647S), retrieved from FRED.