Nonfinancial Corporations Sector: Hourly Compensation for Employees
PRS88003101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-43.86%
Date Range
1/1/1948 - 1/1/2025
Summary
The Nonfinancial Corporations Sector: Hourly Compensation for Employees trend measures the average hourly wages and benefits paid to workers in the U.S. nonfinancial corporate sector. This metric is a key indicator of labor market conditions 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
This series tracks the total hourly compensation, including wages and benefits, for employees in the U.S. nonfinancial corporate sector. It is used by economists to assess trends in worker earnings, productivity, and the overall health of the labor market.
Methodology
The data is collected through business and household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers at the Federal Reserve and other institutions monitor this metric to help guide decisions on interest rates and other economic policies.
Key Facts
- The series dates back to 1947.
- Hourly compensation includes both wages and benefits.
- It covers the private, nonfinancial corporate sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, for employees in the U.S. nonfinancial corporate sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions, worker productivity, and inflationary pressures, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through business and household surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions monitor this metric to help guide decisions on interest rates and other economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one month.
Similar PRS Trends
Nonfinancial Corporations Sector: Labor Compensation for Employees
PRS88003061
Nonfinancial Corporations Sector: Output per Worker for Employees
PRS88003161
Nonfinancial Corporations Sector: Value-Added Output Price Deflator for Employees
PRS88003142
Nonfinancial Corporations Sector: Real Value-Added Output for Employees
PRS88003043
Nonfinancial Corporations Sector: Labor Productivity (Output per Hour) for Employees
PRS88003093
Nonfinancial Corporations Sector: Unit Nonlabor Costs for Employees
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Citation
U.S. Federal Reserve, Nonfinancial Corporations Sector: Hourly Compensation for Employees (PRS88003101), retrieved from FRED.