Labor Compensation: Earnings: Private Sector: Hourly for Portugal
Annual, Seasonally Adjusted
LCEAPR01PTA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.59
Year-over-Year Change
17.05%
Date Range
1/1/1996 - 1/1/2022
Summary
The Annual, Seasonally Adjusted series measures the percent change in annual labor compensation for private industry employees. This metric is a key indicator of wage growth and labor market conditions.
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 series represents the year-over-year percent change in annual labor compensation, including wages and benefits, for private industry workers. It is a widely followed economic indicator that provides insight into broader labor market trends and can inform policy decisions.
Methodology
The data is collected through the Employment Cost Index (ECI) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this series to assess the strength of the labor market and inflationary pressures.
Key Facts
- Annual labor compensation grew 5.1% in 2022.
- The series reached a low of 1.9% growth in 2020 due to the COVID-19 pandemic.
- Rapid wage growth can contribute to inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the year-over-year percent change in annual labor compensation, including wages and benefits, for private industry employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into broader labor market conditions and wage growth, which are important factors for policymakers, economists, and market participants to monitor.
Q: How is this data collected or calculated?
A: The data is collected through the Employment Cost Index (ECI) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely follow this series to assess labor market strength and inflationary pressures, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics, with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LCEAPR01PTA661S), retrieved from FRED.