Labor Compensation: Earnings: Private Sector: Hourly for Luxembourg
Annual
LCEAPR01LUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.14
Year-over-Year Change
36.71%
Date Range
1/1/1996 - 1/1/2022
Summary
The Annual trend measures the average annual pay of employees in the private sector. It is a key indicator of economic health and workers' standard of living.
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 trend tracks the average annual wages and salaries paid to private industry employees in the United States. It reflects changes in compensation levels and can signal shifts in labor market dynamics and consumer purchasing power.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program.
Historical Context
This metric informs economic analysis and policy decisions related to employment, inflation, and consumer spending.
Key Facts
- The average annual pay in the U.S. private sector was $69,375 in 2022.
- Annual pay has increased by 5.2% over the past year.
- Wages in the service sector grew faster than manufacturing in 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual pay of employees in the private sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic health and workers' standard of living, informing analysis and policy decisions related to employment, inflation, and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program.
Q: How is this trend used in economic policy?
A: The Annual trend is used by economists, policymakers, and market analysts to assess labor market dynamics, consumer purchasing power, and inflationary pressures.
Q: Are there update delays or limitations?
A: The Annual data is published with a 1-quarter lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Luxembourg
BARTERICMP25UPZSLUX
Sales: Retail Trade: Total Retail Trade: Volume for Luxembourg
LUXSLRTTO01GPSAM
Producer Prices Index: Economic Activities: Industrial Activities: Total for Luxembourg
LUXPIEATI01GYM
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Luxembourg
LCEAMN01LUA661N
Population (LFS Basis): All Ages: All Persons for Luxembourg
LFPOTTTTLUQ647S
Bank Lending Deposit Spread for Luxembourg
DDEI02LUA156NWDB
Citation
U.S. Federal Reserve, Annual (LCEAPR01LUA661S), retrieved from FRED.