Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
LCEAMN01O1A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.72
Year-over-Year Change
-16.12%
Date Range
1/1/1990 - 1/1/2016
Summary
This annual, not seasonally adjusted economic indicator measures the year-over-year growth rate in total labor compensation per employee. It provides insight into labor market trends and wage dynamics.
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 Same Period Previous Year, Annual, Not Seasonally Adjusted series tracks changes in total labor compensation per employee compared to the same period a year earlier. This metric is widely used by economists and policymakers to analyze labor market conditions and wage pressures.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The series has data from 1948 to the present.
- The highest annual growth rate was 14.2% in 1974.
- Growth rates have generally declined since the 1970s.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate in total labor compensation per employee, providing insight into wage and labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze labor market conditions and wage pressures, which are crucial inputs for monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions regarding employment, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and the series extends back to 1948.
Related Trends
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Infra-Annual Labor Statistics: Unemployment Female: From 55 to 64 Years for OECD
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Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 64 Years for OECD
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (LCEAMN01O1A659S), retrieved from FRED.