Percent, Quarterly
NHSNESP75OQP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.00
Year-over-Year Change
89.29%
Date Range
1/1/2002 - 1/1/2024
Summary
The Percent, Quarterly trend measures the quarterly percentage change in U.S. nonfarm business sector nominal hourly compensation. This metric is a key indicator of wage 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 nonfarm business sector nominal hourly compensation metric tracks changes in employee earnings, providing insight into labor market dynamics and inflationary pressures. Economists and policymakers closely monitor this data point.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Productivity and Costs report.
Historical Context
Trends in nominal hourly compensation influence interest rate, inflation, and employment policy decisions.
Key Facts
- Quarterly data is released with a one-month lag.
- The metric includes wages, salaries, and benefits.
- Compensation growth tracks labor market tightness.
FAQs
Q: What does this economic trend measure?
A: The Percent, Quarterly trend measures the quarterly percentage change in U.S. nonfarm business sector nominal hourly compensation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth and productivity, key factors that influence inflation, employment, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Productivity and Costs report.
Q: How is this trend used in economic policy?
A: Trends in nominal hourly compensation inform interest rate, inflation, and employment policy decisions by the Federal Reserve and other policymakers.
Q: Are there update delays or limitations?
A: The quarterly data is released with a one-month lag by the Bureau of Labor Statistics.
Related Trends
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the Northeast Census Region
CNERBP1FHSA
Projected Business Formations Within Eight Quarters: Total for All NAICS in Northeast Census Region
BFPBF8QTOTALSANO
New Privately Owned Housing Starts Average Square Feet of Floor Area for One-Family Units in the Northeast Census Region
HOUSTSFLAA1FNEQ
Income Before Taxes: Public Assistance, Supplemental Security Income, SNAP by Region: Residence in the Northeast Census Region
CXUWELFARELB1102M
Expenditures: Household Textiles by Region: Residence in the Northeast Census Region
CXUHHTXTILELB1102M
Expenditures: Fruits and Vegetables by Region: Residence in the Northeast Census Region
CXUFRUITVEGLB1102M
Citation
U.S. Federal Reserve, Percent, Quarterly (NHSNESP75OQP), retrieved from FRED.