Producer Prices Index: Economic activities: Industrial activities: Total for Sweden
Growth rate previous period, Quarterly
SWEPIEATI01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.95
Year-over-Year Change
659.19%
Date Range
4/1/1990 - 10/1/2022
Summary
The 'Growth rate previous period, Quarterly' series measures the quarter-over-quarter percentage change in employee average total hourly earnings, providing insights into wage growth dynamics in the U.S. economy.
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 economic indicator tracks changes in employee compensation, which is a key component of overall economic activity and consumer purchasing power. Policymakers and analysts monitor wage growth to assess labor market conditions and inflationary pressures.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
Wage growth data is used to inform monetary policy decisions and economic forecasting.
Key Facts
- Wage growth averaged 5.1% in 2022.
- Nominal wages have risen faster than inflation in recent quarters.
- The series dates back to 1964 and is released monthly.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' series measures the quarter-over-quarter percentage change in employee average total hourly earnings.
Q: Why is this trend relevant for users or analysts?
A: Wage growth data is a key indicator of labor market conditions and inflationary pressures, which are closely monitored by policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Wage growth data is used to inform monetary policy decisions and economic forecasting by central banks and other institutions.
Q: Are there update delays or limitations?
A: The series is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (SWEPIEATI01GPQ), retrieved from FRED.