Annual
LRIN55FEO1A156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.70
Year-over-Year Change
-17.49%
Date Range
1/1/2005 - 1/1/2016
Summary
The Annual trend measures the annual change in total labor income for the U.S. economy. It is a key indicator of consumer spending power and economic growth.
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 labor compensation, including wages, salaries, and benefits. This metric provides insight into the overall health of the labor market and consumer demand.
Methodology
The data is calculated based on quarterly surveys of U.S. businesses and government entities.
Historical Context
Policymakers and analysts monitor the Annual trend to assess employment conditions and their impact on inflation and consumer spending.
Key Facts
- The Annual trend reached a high of 5.7% in 2022.
- Positive annual growth indicates rising consumer purchasing power.
- Declining annual growth can signal an economic slowdown.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total labor compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides insight into the overall health of the labor market and consumer demand, which are critical factors for economic growth and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on quarterly surveys of U.S. businesses and government entities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Annual trend to assess employment conditions and their impact on inflation and consumer spending.
Q: Are there update delays or limitations?
A: The Annual trend data is released quarterly with a short delay, providing timely insights into the state of the U.S. labor market.
Related Trends
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Infra-Annual Labor Statistics: Inactivity Rate Male: From 55 to 64 Years for OECD
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Citation
U.S. Federal Reserve, Annual (LRIN55FEO1A156S), retrieved from FRED.