Labor Compensation: Earnings: Private Sector: Hourly for Sweden
LCEAPR01SEM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191.30
Year-over-Year Change
3.97%
Date Range
1/1/1996 - 9/1/2023
Summary
The 'Labor Compensation: Earnings: Private Sector: Hourly for Sweden' trend measures changes in hourly wages for private sector workers in Sweden. This metric is a key indicator of labor market conditions and inflationary pressures.
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 tracks the average hourly earnings of private sector employees in Sweden. It is used by economists and policymakers to assess the strength of the labor market, inflationary pressures, and overall economic performance.
Methodology
The data is collected through national surveys of employers by Statistics Sweden.
Historical Context
Trends in private sector hourly earnings help guide monetary and fiscal policy decisions.
Key Facts
- Sweden's private sector hourly earnings have risen by over 30% in the past decade.
- Hourly earnings in Sweden are among the highest in the European Union.
- Wage growth is closely watched by the Riksbank, Sweden's central bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the average hourly earnings of private sector employees in Sweden.
Q: Why is this trend relevant for users or analysts?
A: Trends in private sector wages are a key indicator of labor market conditions, inflationary pressures, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through national surveys of employers by Statistics Sweden.
Q: How is this trend used in economic policy?
A: Trends in private sector hourly earnings help guide monetary and fiscal policy decisions by the Swedish government and Riksbank.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Private Sector: Hourly for Sweden (LCEAPR01SEM189N), retrieved from FRED.