Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Czech Republic
Growth rate previous period, Quarterly
CZEPIEAMI02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.88
Year-over-Year Change
-288.88%
Date Range
4/1/1990 - 10/1/2022
Summary
The growth rate previous period, Quarterly measures the quarter-over-quarter change in the U.S. Nonfarm Business Sector: Compensation per Hour. This key economic indicator provides insights into labor costs and productivity 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 data series represents the annualized percentage change in compensation per hour for the U.S. nonfarm business sector compared to the previous quarter. It is a widely followed measure of labor costs and can signal changes in worker productivity, inflation pressures, and overall economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers at the Federal Reserve and private analysts monitor this metric to assess the state of the economy and guide policy decisions.
Key Facts
- The growth rate reached a low of -13.2% in Q2 2020 during the COVID-19 pandemic.
- In Q4 2022, the growth rate was 1.4%.
- This metric is released quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, Quarterly measures the quarter-over-quarter percentage change in compensation per hour for the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity, which are key factors for assessing the overall health of the economy and guiding economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and private analysts monitor this metric to assess labor market conditions and inflationary pressures, which inform their policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics, with a typical lag of about one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (CZEPIEAMI02GPQ), retrieved from FRED.