Hourly Earnings: Private Sector for the Euro Area
LCEAPR01EZQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.26
Year-over-Year Change
8.09%
Date Range
1/1/1996 - 1/1/2020
Summary
This trend measures average hourly earnings in the private sector in the Euro Area, providing insights into labor market conditions and wage growth.
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 Hourly Earnings: Private Sector for the Euro Area metric tracks changes in the average hourly compensation of private sector workers, which is a key indicator of economic performance and inflationary pressures.
Methodology
The data is collected through surveys of private sector employers across the Euro Area.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the health of the Euro Area economy.
Key Facts
- The Euro Area includes 19 European Union countries that use the euro as their official currency.
- Private sector employment accounts for the majority of economic activity in the Euro Area.
- Hourly earnings growth is a leading indicator of inflation and consumer price trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of private sector workers in the Euro Area, providing insights into labor market conditions and wage growth.
Q: Why is this trend relevant for users or analysts?
A: Hourly earnings growth is a key indicator of economic performance and inflationary pressures, making this trend closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector employers across the Euro Area.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to assess the health of the Euro Area economy and inform decisions related to monetary policy, employment, and inflation.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revisions and can have a short time lag compared to the current economic conditions.
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Citation
U.S. Federal Reserve, Hourly Earnings: Private Sector for the Euro Area (LCEAPR01EZQ661N), retrieved from FRED.