Employer's Cost for Fringe Benefits for Rental and Leasing Services, All Establishments, Employer Firms
This dataset tracks employer's cost for fringe benefits for rental and leasing services, all establishments, employer firms over time.
Latest Value
7328.00
Year-over-Year Change
98.81%
Date Range
1/1/2005 - 1/1/2022
Summary
This economic trend measures the employer's cost for fringe benefits in the rental and leasing services industry, including all establishment types. It is an important indicator of labor costs and workforce compensation in this sector.
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 Employer's Cost for Fringe Benefits for Rental and Leasing Services data tracks the average cost that employers in this industry pay for non-wage benefits like health insurance, retirement contributions, and paid leave. This metric provides insight into total compensation trends and can inform business and policy decisions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Employer Costs for Employee Compensation survey.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the competitive landscape and cost structure in the rental and leasing services sector.
Key Facts
- The rental and leasing services industry employs over 2 million workers in the U.S.
- Fringe benefits account for over 30% of total compensation in this sector.
- Employer costs for fringe benefits have risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average cost that employers in the rental and leasing services industry pay for non-wage benefits like health insurance, retirement contributions, and paid leave.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into total compensation trends and labor costs in the rental and leasing services sector, which is useful for business planning, policy analysis, and economic forecasting.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Employer Costs for Employee Compensation survey.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to assess the competitive landscape and cost structure in the rental and leasing services sector, which can inform business decisions and economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Employer's Cost for Fringe Benefits for Rental and Leasing Services, All Establishments, Employer Firms (EXPECFEF532ALLEST), retrieved from FRED.