Labor Compensation: Earnings: Private Sector: Monthly for Hungary
Index 2015=100, Monthly, Seasonally Adjusted
LCEAPR03HUM661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
214.14
Year-over-Year Change
18.68%
Date Range
1/1/1994 - 12/1/2022
Summary
The Index 2015=100, Monthly, Seasonally Adjusted metric measures changes in U.S. labor compensation, a key indicator of economic and wage trends.
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 index tracks changes over time in the total labor costs employers incur per hour worked, including wages, salaries, and benefits. It is a valuable metric for economists and policymakers to assess the strength of the labor market and inflationary pressures.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
The index is widely used to inform monetary and fiscal policy decisions.
Key Facts
- The index is based on 2015 as the base year (100).
- It covers both private industry and state/local government workers.
- The index has risen steadily since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly, Seasonally Adjusted metric tracks changes in total labor costs per hour worked, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of labor market strength and inflationary pressures, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The index is widely used to inform monetary and fiscal policy decisions, as it reflects the state of the labor market and potential wage-driven inflation.
Q: Are there update delays or limitations?
A: The index is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly, Seasonally Adjusted (LCEAPR03HUM661S), retrieved from FRED.