Nonfinancial Noncorporate Business; Wages and Salaries Paid, Transactions
NNBWSPA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,295,289.00
Year-over-Year Change
85.48%
Date Range
1/1/1948 - 1/1/2023
Summary
This economic indicator measures the wages and salaries paid by noncorporate, non-financial businesses in the United States. It provides insight into the compensation dynamics of a key segment of the private 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 Nonfinancial Noncorporate Business; Wages and Salaries Paid, Transactions series tracks the total dollar amount of wages and salaries disbursed by noncorporate, non-financial businesses. This metric offers a window into the financial health and labor market conditions of this important economic sector.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor this trend to assess broader labor market and inflationary pressures.
Key Facts
- Noncorporate businesses account for over 50% of U.S. private sector employment.
- Wages and salaries are a key component of production costs and consumer demand.
- This metric can signal changes in labor market tightness and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total wages and salaries paid by noncorporate, non-financial businesses in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Nonfinancial Noncorporate Business; Wages and Salaries Paid metric provides insight into labor market conditions and cost pressures within a crucial segment of the private sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess broader labor market dynamics and inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Wages and Salaries Paid, Transactions (NNBWSPA027N), retrieved from FRED.