Nonfinancial Corporations Sector: Real Hourly Compensation for Employees
Percent Change from Quarter One Year Ago
PRS88003151 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-117.39%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Percent Change from Quarter One Year Ago' measures the year-over-year change in productivity for the nonfarm business sector. It is a key indicator of economic growth and efficiency.
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 metric tracks the quarterly percent change in productivity, which is a measure of economic output per hour worked. It provides insight into how efficiently the U.S. economy is utilizing labor and capital resources.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a formula that compares quarterly productivity to the same quarter one year prior.
Historical Context
Economists and policymakers monitor this indicator to assess the underlying health and potential of the U.S. economy.
Key Facts
- Productivity growth is a key driver of rising living standards.
- Higher productivity allows for increased wages without stoking inflation.
- The U.S. has seen a slowdown in productivity growth since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percent change in productivity for the nonfarm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is crucial for improving living standards and economic competitiveness. This indicator provides insight into the efficiency of the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this metric by comparing quarterly productivity to the same quarter one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess the health and growth potential of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
Similar PRS Trends
Nonfinancial Corporations Sector: Hours Worked for Employees
PRS88003033
Nonfinancial Corporations Sector: Nonlabor Payments for Employees
PRS88003081
Nonfinancial Corporations Sector: Unit Profits for Employees
PRS88003193
Nonfinancial Corporations Sector: Employment for Employees
PRS88003013
Nonfinancial Corporations Sector: Unit Combined Input Costs for Employees
PRS88003203
Nonfinancial Corporations Sector: Average Weekly Hours for Employees
PRS88003023
Citation
U.S. Federal Reserve, Percent Change from Quarter One Year Ago (PRS88003151), retrieved from FRED.