Compensation of Employees in Australia
AUSCOMPQDSNAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
318,732,000,000.00
Year-over-Year Change
26.77%
Date Range
7/1/1959 - 1/1/2024
Summary
The Compensation of Employees in Australia measures the total income earned by workers, including wages, salaries, and employer-provided benefits. It is a key indicator of economic activity and labor market 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
This metric tracks the total labor income generated in the Australian economy. It provides insight into the financial resources available to households and the overall strength of the labor market.
Methodology
The data is collected through surveys of businesses and households by the Australian Bureau of Statistics.
Historical Context
Policymakers and analysts use this indicator to assess the health of the Australian economy and labor market conditions.
Key Facts
- Compensation of Employees accounts for over 50% of Australia's Gross Domestic Product.
- The metric has shown steady growth over the past decade, reflecting a robust labor market.
- Trends in this indicator are closely watched by the Reserve Bank of Australia and other policymakers.
FAQs
Q: What does this economic trend measure?
A: The Compensation of Employees in Australia metric measures the total income earned by workers, including wages, salaries, and employer-provided benefits.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the financial resources available to households and the overall strength of the Australian labor market, making it a key metric for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Trends in this indicator are closely watched by the Reserve Bank of Australia and other policymakers to assess the health of the Australian economy and labor market conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of several weeks, and may be subject to revisions as more complete information becomes available.
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Amount Outstanding of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Australia
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Broad Money for Australia
BRDMNYAUM189N
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AUSB6FAOI02NCCUQ
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Citation
U.S. Federal Reserve, Compensation of Employees in Australia (AUSCOMPQDSNAQ), retrieved from FRED.