Labor Compensation: Earnings: Industry: Monthly for Luxembourg
Annual, Not Seasonally Adjusted
LCEAIN03LUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.42
Year-over-Year Change
6.01%
Date Range
1/1/1980 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted labor cost index for civilian workers in the United States. It provides insights into changes in labor costs, which are a key factor in inflation and productivity analysis.
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 annual, not seasonally adjusted labor cost index tracks changes in the total compensation (wages, salaries, and benefits) paid to civilian workers in the U.S. over a 12-month period. This metric is used by economists and policymakers to monitor labor market dynamics and their potential impact on broader economic conditions.
Methodology
The data is collected through the Employment Cost Index (ECI) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The labor cost index is closely watched by the Federal Reserve and other economic institutions to help inform policy decisions related to interest rates, inflation, and employment.
Key Facts
- The index has a base year of 2001 = 100.
- It covers both private industry and state and local government workers.
- The index is released quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the total compensation (wages, salaries, and benefits) paid to civilian workers in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The labor cost index is a key indicator of inflationary pressures and labor market conditions, which are closely monitored by economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected through the quarterly Employment Cost Index (ECI) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor cost index is used by the Federal Reserve and other institutions to help inform decisions related to interest rates, inflation, and employment policies.
Q: Are there update delays or limitations?
A: The labor cost index is released quarterly by the Bureau of Labor Statistics, with a typical 1-month delay after the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LCEAIN03LUA661N), retrieved from FRED.