Harmonized Unemployment: Aged 25 and Over: Females for the European Union
Percent, Annual, Not Seasonally Adjusted
LRHUADFEEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.88
Year-over-Year Change
-13.90%
Date Range
1/1/2000 - 1/1/2019
Summary
This economic trend measures the annual percent change in hourly labor compensation, including wages and benefits, for production and nonsupervisory employees in the nonfarm business sector. It provides insight into labor market dynamics and inflationary pressures.
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 Percent, Annual, Not Seasonally Adjusted series tracks the year-over-year percent change in average hourly labor costs, a key indicator of wage inflation that is closely monitored by policymakers and analysts.
Methodology
The data is calculated from the Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This metric informs decisions around monetary policy and economic management.
Key Facts
- Annual percent change reached a high of 6.7% in 2022.
- This series has been tracked since 1947.
- Slowing wage growth can signal reduced inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in hourly labor compensation, including wages and benefits, for production and nonsupervisory employees in the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into labor market dynamics and inflationary pressures, informing decisions around monetary policy and economic management.
Q: How is this data collected or calculated?
A: The data is calculated from the Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers and analysts to inform decisions around monetary policy and economic management.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Percent, Annual, Not Seasonally Adjusted (LRHUADFEEUA156N), retrieved from FRED.