Work Started: Construction: Dwellings and Residential Buildings: Total for Denmark
Monthly, Not Seasonally Adjusted
DNKWSCNDW01MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,829.00
Year-over-Year Change
-13.64%
Date Range
1/1/1960 - 9/1/2023
Summary
This economic trend measures the monthly change in the wages and salaries of non-farm workers in Denmark. It is a key indicator of labor market dynamics and consumer purchasing power.
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, Not Seasonally Adjusted wage and salary series tracks the nominal changes in compensation for Danish workers across various industries. This metric provides important insights into inflationary pressures and the overall health of the Danish economy.
Methodology
The data is collected through surveys of Danish employers and calculated by Statistics Denmark.
Historical Context
Policymakers and analysts use this metric to inform monetary and fiscal policy decisions.
Key Facts
- Denmark has a highly developed, service-oriented economy.
- Wages and salaries account for over 50% of Danish GDP.
- This data series dates back to 1995.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly change in the wages and salaries of non-farm workers in Denmark. It provides insights into labor market dynamics and consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflationary pressures and the overall health of the Danish economy. Policymakers and analysts use it to inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Danish employers and calculated by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess labor market conditions and inflationary pressures, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 2-3 months.
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BSCICP02DKM460S
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Leading Indicators OECD: Component series: Short-term interest rate: Normalised for Denmark
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Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Denmark
LFWA64TTDKQ647S
U.S. Exports of Goods by F.A.S. Basis to Denmark
EXP4099
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (DNKWSCNDW01MLM), retrieved from FRED.