Quarterly, Not Seasonally Adjusted
LRHU24TTG7Q156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.70
Year-over-Year Change
-24.65%
Date Range
1/1/1995 - 7/1/2017
Summary
This economic series measures the quarterly, not seasonally adjusted total of hourly compensation in the U.S. nonfarm business sector. It provides insight into labor costs and productivity trends.
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 Quarterly, Not Seasonally Adjusted total hourly compensation metric tracks changes in the average cost of labor per hour worked, including wages, salaries, and benefits. It is a key indicator of inflationary pressures and productivity in the broader economy.
Methodology
The data is collected through employer surveys and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this metric to assess the health of the labor market and broader economic conditions.
Key Facts
- Quarterly, not seasonally adjusted data since 1947.
- Measures total hourly compensation, including wages, salaries, and benefits.
- Used to analyze labor productivity and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This metric measures the quarterly, not seasonally adjusted total hourly compensation in the U.S. nonfarm business sector, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor costs and productivity, helping policymakers and analysts assess the health of the labor market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to evaluate inflationary pressures and labor market dynamics, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may not be seasonally adjusted, which can impact interpretation.
Related Trends
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Balance of Payments: Primary Income: Balance (Revenue Minus Expenditure) for G7
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRHU24TTG7Q156N), retrieved from FRED.