Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
LCEAMN01G7Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.81
Year-over-Year Change
9.96%
Date Range
1/1/1965 - 4/1/2017
Summary
This economic trend measures the year-over-year growth rate of total labor compensation per hour in the U.S. non-farm business sector on a quarterly basis. It provides insight into changes in worker productivity and labor costs, key indicators for economists and policymakers.
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 growth rate of labor compensation per hour is an important metric that reflects trends in worker productivity, wage growth, and labor market conditions. It is closely monitored by the Federal Reserve and other economic analysts to assess inflationary pressures and the overall health of the U.S. economy.
Methodology
This data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses.
Historical Context
The labor compensation growth rate is a vital input for monetary policy decisions and economic forecasting.
Key Facts
- Quarterly data, released with a one-month lag.
- Measures year-over-year change in labor costs per hour.
- Helps track inflationary pressure in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of total labor compensation per hour in the U.S. non-farm business sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The labor compensation growth rate is a key indicator of worker productivity and wage pressures, providing insights into inflationary trends and the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses.
Q: How is this trend used in economic policy?
A: The labor compensation growth rate is a vital input for monetary policy decisions and economic forecasting by the Federal Reserve and other institutions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a one-month lag.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (LCEAMN01G7Q659S), retrieved from FRED.