Labor Compensation: Earnings: Private Sector: Hourly for Portugal
LCEAPR01PTQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.81
Year-over-Year Change
12.22%
Date Range
1/1/1996 - 7/1/2023
Summary
The 'Labor Compensation: Earnings: Private Sector: Hourly for Portugal' trend measures average hourly earnings in the private sector of the Portuguese economy. This data provides key insights into labor market conditions and productivity.
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 average hourly compensation for private sector workers in Portugal. It is a widely followed economic indicator used by analysts and policymakers to assess the strength of the labor market and inflationary pressures.
Methodology
The data is collected through employer surveys by the Portuguese statistical agency.
Historical Context
Trends in private sector hourly earnings are closely watched for their implications on consumer spending, inflation, and overall economic performance.
Key Facts
- Portugal's private sector hourly earnings reached a record high in 2021.
- Earnings growth has outpaced inflation in Portugal over the past year.
- The services sector accounts for the largest share of private sector earnings.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for private sector workers in Portugal. It provides an indicator of labor market conditions and compensation levels.
Q: Why is this trend relevant for users or analysts?
A: Trends in private sector hourly earnings are closely watched as they have implications for consumer spending, inflation, and overall economic performance in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the strength of the labor market and inflationary pressures, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be occasional delays or revisions due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Private Sector: Hourly for Portugal (LCEAPR01PTQ661N), retrieved from FRED.