Quarterly
BPBLTF01EEQ636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-15,300,000.00
Year-over-Year Change
-172.51%
Date Range
1/1/1992 - 1/1/2014
Summary
The Quarterly Employer Costs for Employee Compensation (ECEC) measures the average cost to employers for providing employee compensation, including wages, salaries, and benefits.
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 ECEC is a comprehensive measure of the average cost to employers for providing employee compensation. It is used by policymakers, analysts, and businesses to understand labor costs and inform employment and compensation decisions.
Methodology
The data is collected through a quarterly survey of private industry and state and local government employers.
Historical Context
The ECEC is a key indicator for the Federal Reserve and other policymakers in assessing economic and labor market conditions.
Key Facts
- The ECEC includes wages, salaries, and benefits.
- It measures labor costs for private industry and state/local government.
- The ECEC is a key economic indicator used by policymakers.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Employer Costs for Employee Compensation (ECEC) measures the average cost to employers for providing employee compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The ECEC is a comprehensive measure of labor costs that is used by policymakers, analysts, and businesses to understand employment and compensation dynamics.
Q: How is this data collected or calculated?
A: The data is collected through a quarterly survey of private industry and state and local government employers.
Q: How is this trend used in economic policy?
A: The ECEC is a key indicator for the Federal Reserve and other policymakers in assessing economic and labor market conditions.
Q: Are there update delays or limitations?
A: The ECEC data is released on a quarterly basis with typical update delays.
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Citation
U.S. Federal Reserve, Quarterly Employer Costs for Employee Compensation (BPBLTF01EEQ636N), retrieved from FRED.