Consumer Price Index: Rent, Repairs, and Maintenance for Luxembourg
Monthly
CPSEHO05LUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.98
Year-over-Year Change
1.01%
Date Range
1/1/1995 - 5/1/2018
Summary
The Monthly trend measures the average hourly earnings of production and nonsupervisory employees in the Private Sector, a key indicator of labor market strength and inflationary pressures.
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
This series tracks the average hourly wage rate for production and non-supervisory workers, which represents around 80% of the total private sector workforce. It is a closely watched metric that provides insight into the pace of wage growth and overall labor market conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists analyze this trend to assess the state of the labor market and its potential impact on inflation.
Key Facts
- The monthly series dates back to 1964.
- Wages for production and non-supervisory workers account for about 80% of total private sector employment.
- Wage growth is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the average hourly earnings of production and nonsupervisory employees in the private sector, providing insight into the pace of wage growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is a closely watched indicator of labor market strength and inflationary pressures, which are crucial for policymakers and economists in assessing the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the state of the labor market and its potential impact on inflation, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The monthly data is published with a brief delay, typically a few weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Monthly (CPSEHO05LUM661N), retrieved from FRED.