Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Czechia
Annual, Seasonally Adjusted
LFIN64TTCZA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,494,525.00
Year-over-Year Change
-27.25%
Date Range
1/1/1998 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted total compensation for the finance and insurance industry in the United States. It provides insight into income and labor trends within a key economic sector.
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, Seasonally Adjusted Total Compensation for Finance and Insurance series tracks the total wages, salaries, and supplements paid to employees in the finance and insurance industry. It is a key indicator of labor market conditions and economic performance in this crucial industry.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this series to assess the financial health and competitiveness of the U.S. finance and insurance sector.
Key Facts
- The finance and insurance industry accounts for over 6% of U.S. GDP.
- Total compensation in this sector has grown faster than the overall economy since 2010.
- Wages and salaries make up over 70% of total compensation in finance and insurance.
FAQs
Q: What does this economic trend measure?
A: This series measures the total annual compensation, including wages, salaries, and benefits, paid to employees in the U.S. finance and insurance industry.
Q: Why is this trend relevant for users or analysts?
A: The finance and insurance sector is a critical driver of the U.S. economy, so this metric provides important insights into labor market conditions and economic performance within this key industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this series to assess the competitiveness and health of the U.S. finance and insurance sector, which has important implications for overall economic growth and stability.
Q: Are there update delays or limitations?
A: This series is updated quarterly with a lag of approximately 3 months. The data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted Total Compensation for Finance and Insurance (LFIN64TTCZA647S), retrieved from FRED.