Labor Compensation: Earnings: Private Sector: Hourly for Spain
Annual, Seasonally Adjusted
LCEAPR01ESA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.42
Year-over-Year Change
18.05%
Date Range
1/1/1996 - 1/1/2022
Summary
The Annual, Seasonally Adjusted economic trend measures changes in labor compensation, specifically private industry wages and salaries. It is a key indicator of the overall health and direction of the U.S. economy.
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 economic series tracks the annual, seasonally adjusted changes in private industry wages and salaries, providing insights into the trajectory of worker earnings. It is widely used by economists, policymakers, and analysts to gauge the strength of the labor market and the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of private businesses.
Historical Context
The Annual, Seasonally Adjusted trend is closely monitored by the Federal Reserve and other policymakers as they evaluate the need for monetary policy adjustments.
Key Facts
- Annual wage growth in the U.S. averaged 4.5% over the past decade.
- Seasonally adjusted data accounts for typical fluctuations throughout the year.
- Steady wage growth is a sign of a healthy labor market and economy.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures changes in private industry wages and salaries over a 12-month period, providing insights into the overall health of the U.S. labor market.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and investors as a gauge of worker earnings and the broader economic climate. Steady wage growth is a positive sign for consumer spending and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of private businesses and industries.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor the Annual, Seasonally Adjusted trend as they evaluate the need for monetary policy adjustments to support employment and price stability.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months. The seasonally adjusted figures account for typical fluctuations throughout the year.
Related Trends
National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Spain
NAEXKP02ESQ189S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Spain
ESPCP010000CTGYM
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Spain
LRAC74TTESQ156S
Insurance Company Assets to GDP for Spain
DDDI11ESA156NWDB
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Spain
LREM24MAESQ156S
Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Spain
ESPFCAODCANUM
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LCEAPR01ESA661S), retrieved from FRED.