Labor Compensation: Earnings: Private Sector: Hourly for France
Annual, Seasonally Adjusted
LCEAPR01FRA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.01
Year-over-Year Change
28.03%
Date Range
1/1/1996 - 1/1/2022
Summary
This trend measures the annual, seasonally adjusted labor compensation per employee in the French private nonfarm business sector. It is a key indicator of labor market conditions and productivity in the French 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
The annual, seasonally adjusted labor compensation per employee tracks the average earnings of workers in the French private nonfarm business sector. It is used by economists and policymakers to assess labor market dynamics, wage growth, and overall economic performance.
Methodology
The data is collected and calculated by the French National Institute of Statistics and Economic Studies (INSEE).
Historical Context
This metric provides insight into the state of the French labor market and can inform monetary and fiscal policy decisions.
Key Facts
- France is the world's sixth-largest economy.
- The private nonfarm business sector accounts for over 75% of French GDP.
- Labor compensation is a key driver of consumer spending and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual labor compensation per employee in the French private nonfarm business sector, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into French labor market dynamics, wage growth, and overall economic performance, which are crucial for economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the French National Institute of Statistics and Economic Studies (INSEE).
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess labor market conditions, productivity, and inflationary pressures, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LCEAPR01FRA661S), retrieved from FRED.