Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Delaware
Quarterly, Seasonally Adjusted
DEARTENTRECQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.16
Year-over-Year Change
8.03%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the total compensation per hour worked in the U.S. non-farm business sector. 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 series tracks changes in the average hourly compensation paid to employees, including wages, salaries, and benefits. It is a widely used metric for analyzing workforce costs and inflationary pressures in the broader economy.
Methodology
The data is collected through surveys of private businesses and government agencies, then adjusted for seasonal variations.
Historical Context
Policymakers and analysts closely monitor this metric to assess the health of the labor market and inflationary pressures.
Key Facts
- Compensation per hour has increased by 5.7% over the past year.
- Productivity growth has averaged 1.3% annually over the past decade.
- Labor costs account for over 60% of total business expenses in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series tracks changes in the average hourly compensation paid to U.S. non-farm business employees, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity, which are key drivers of inflation and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and government agencies, then adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess labor market conditions and inflationary pressures, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted data is released with a lag of approximately one quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (DEARTENTRECQQGSP), retrieved from FRED.