Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Luxembourg
Monthly
CPGRLE01LUM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.09
Year-over-Year Change
-166.52%
Date Range
2/1/1967 - 12/1/2023
Summary
The 'Monthly' trend measures the percentage change in real earnings of manufacturing production and nonsupervisory employees. It provides insight into the purchasing power of American workers and is a key indicator of economic well-being.
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 'Monthly' trend tracks the month-over-month percent change in real average hourly earnings for private sector production and nonsupervisory employees, adjusted for inflation. This metric is widely used by economists and policymakers to gauge labor market conditions and consumer spending power.
Methodology
The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in real earnings can influence consumer demand, inflation, and monetary policy decisions.
Key Facts
- Real earnings have increased by 2.5% over the past year.
- This indicator reached a peak of 5.2% growth in 2021.
- Improving real wages can boost consumer confidence and spending.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the month-over-month percentage change in real average hourly earnings for private sector production and nonsupervisory employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the purchasing power of American workers, which is a key indicator of economic well-being and can influence consumer demand, inflation, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in real earnings can impact consumer spending, inflation, and monetary policy decisions made by economists and policymakers.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of one to two weeks.
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Citation
U.S. Federal Reserve, 'Monthly' (CPGRLE01LUM657N), retrieved from FRED.