Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Euro Area (19 Countries)
Annual
LCEAMN01EZA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.50
Year-over-Year Change
34.06%
Date Range
1/1/1996 - 1/1/2024
Summary
The Annual economic trend measures the average annual change in the labor compensation of employees in the Eurozone. It is an important 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
This trend represents the year-over-year percentage change in total labor compensation, including wages and employer-provided benefits, for employees in the Eurozone. It is used by economists and policymakers to assess labor market dynamics and the potential for wage-driven inflation.
Methodology
The data is collected and calculated by the European Central Bank based on national accounts and labor force surveys.
Historical Context
The Annual trend is closely monitored by the ECB and other Eurozone institutions for insights into price stability and employment policy.
Key Facts
- Reached a peak of 3.5% in 2008.
- Fell to 1.2% during the 2009 recession.
- Recovered to 2.6% in 2019 before the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average year-over-year change in total labor compensation, including wages and benefits, for employees in the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor market dynamics and the potential for wage-driven inflation, which are key concerns for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank based on national accounts and labor force surveys.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by the ECB and other Eurozone institutions for insights into price stability and employment policy.
Q: Are there update delays or limitations?
A: The data is typically published with a delay of several months and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (LCEAMN01EZA661S), retrieved from FRED.