Labor Compensation: Earnings: Manufacturing: Hourly for Hungary
Annual
LCEAMN01HUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.50
Year-over-Year Change
41.67%
Date Range
1/1/1996 - 1/1/2024
Summary
The Annual Wage and Salary Accruals per Full-Time Equivalent Employee measure the total annual wages and salaries paid per full-time equivalent employee. This metric is a key indicator of labor costs and productivity trends in the U.S. economy.
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 Wage and Salary Accruals per Full-Time Equivalent Employee tracks the total annual compensation paid to workers, divided by the number of full-time equivalent employees. This metric provides insights into wage growth, labor market conditions, and overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of employers and administrative records.
Historical Context
Policymakers and analysts use this indicator to assess employment dynamics, inflationary pressures, and the overall health of the labor market.
Key Facts
- The annual wage and salary accruals per FTE reached a record high of $75,385 in 2021.
- Wage growth has outpaced inflation in recent years, indicating real gains in worker compensation.
- This metric provides insight into labor costs and productivity trends across the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Annual Wage and Salary Accruals per Full-Time Equivalent Employee measures the total annual wages and salaries paid per full-time equivalent employee in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor costs and productivity trends, providing insights into wage growth, employment dynamics, and the overall health of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of employers and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess employment conditions, inflationary pressures, and the overall performance of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual Wage and Salary Accruals per Full-Time Equivalent Employee (LCEAMN01HUA659S), retrieved from FRED.