Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Switzerland
Quarterly
CHECP090000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.83
Year-over-Year Change
-57.05%
Date Range
1/1/1984 - 1/1/2025
Summary
The Quarterly Compensation Rate measures the change in total compensation costs for private industry workers in the United States. It 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
The Quarterly Compensation Rate tracks the rate of change in wages, benefits, and other forms of compensation paid to private sector employees. It is used by economists and policymakers to assess employment costs and their potential impact on the broader economy.
Methodology
The data is collected through the Employer Costs for Employee Compensation survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Quarterly Compensation Rate helps inform Federal Reserve policy decisions and is closely watched by financial markets.
Key Facts
- The rate of change in private sector compensation has averaged 2.5% annually over the past decade.
- Compensation costs make up about 70% of total business expenses in the U.S.
- Rising labor costs can put upward pressure on consumer prices and influence the Federal Reserve's interest rate decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Compensation Rate measures the change in total compensation costs, including wages and benefits, for private industry workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly Compensation Rate is a key indicator of labor market conditions and can signal inflationary pressures in the broader economy, making it highly relevant for economists, policymakers, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Employer Costs for Employee Compensation survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Quarterly Compensation Rate helps inform Federal Reserve policy decisions and is closely watched by financial markets as an indicator of potential changes in interest rates or inflation.
Q: Are there update delays or limitations?
A: The Quarterly Compensation Rate data is published with a lag of approximately one quarter, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Compensation Rate (CHECP090000GYQ), retrieved from FRED.