Labor Compensation: Earnings: All Activities: Hourly for Estonia
Index 2015=100, Annual, Not Seasonally Adjusted
LCEATT01EEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.25
Year-over-Year Change
104.62%
Date Range
1/1/2002 - 1/1/2022
Summary
The Annual, Not Seasonally Adjusted Index 2015=100 measures changes in total compensation costs for private industry workers in Estonia. This broad economic indicator is closely watched by policymakers and analysts to assess labor market conditions and cost 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
The Index 2015=100, Annual, Not Seasonally Adjusted tracks year-over-year changes in total compensation costs, including wages, salaries, and benefits, for private industry workers in Estonia. It provides insight into employment costs and is a key input for evaluating the country's economic performance and competitiveness.
Methodology
This index is calculated by the U.S. Bureau of Labor Statistics based on survey data collected from Estonian employers.
Historical Context
Analysts and policymakers use this index to monitor labor market dynamics and their potential impact on inflation, consumer spending, and overall economic conditions in Estonia.
Key Facts
- The index is set to a base year of 2015 = 100.
- Annual data is reported, with no seasonal adjustment.
- The index reflects total compensation, not just wages.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual, Not Seasonally Adjusted measures changes in total compensation costs, including wages, salaries, and benefits, for private industry workers in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into labor market conditions and cost pressures in Estonia, which are critical factors for evaluating the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this index based on survey data collected from Estonian employers.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to monitor labor market dynamics and their potential impact on inflation, consumer spending, and overall economic conditions in Estonia.
Q: Are there update delays or limitations?
A: The index is reported annually, with no seasonal adjustment, which may limit its use for high-frequency analysis.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual, Not Seasonally Adjusted (LCEATT01EEA661N), retrieved from FRED.