Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Switzerland
Annual
LFEAMNTTCHA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
561,200.00
Year-over-Year Change
-1.94%
Date Range
1/1/2005 - 1/1/2024
Summary
The Annual trend measures the annualized change in total compensation for U.S. civilian workers. It provides insight into nationwide wage growth and labor market conditions.
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 year-over-year percent change in total employee compensation, including wages, salaries, and benefits. It is a key economic indicator used by policymakers and analysts to assess the overall health of the labor market.
Methodology
The data is collected through the Employment Cost Index (ECI) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve to inform monetary policy decisions.
Key Facts
- The Annual trend reached a high of 4.5% in 2022.
- Compensation growth has outpaced inflation in recent years.
- Annual measures total employee pay, including benefits.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total compensation for U.S. civilian workers, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of labor market conditions and wage growth, providing insight into the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the 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 Federal Reserve closely monitors the Annual trend to inform monetary policy decisions and assess the overall strength of the labor market.
Q: Are there update delays or limitations?
A: The Annual trend is released quarterly with a relatively short delay, making it a timely indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Annual (LFEAMNTTCHA647S), retrieved from FRED.