Labor Compensation: Earnings: All Activities: Hourly for Estonia
Index 2015=100, Quarterly, Not Seasonally Adjusted
LCEATT01EEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.99
Year-over-Year Change
29.95%
Date Range
1/1/2002 - 7/1/2023
Summary
The 'Index 2015=100, Quarterly, Not Seasonally Adjusted' series measures changes in compensation costs for civilian workers in the U.S. This key labor market indicator provides insights into wage and salary trends that are important for economic policy and business analysis.
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 in the total compensation, including wages and benefits, paid to civilian workers in the United States on a quarterly basis. It is a widely followed economic indicator that reflects underlying trends in labor costs and can inform decisions around employment, inflation, and monetary policy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Employment Cost Index survey.
Historical Context
This compensation index is used by policymakers, economists, and market analysts to assess labor market conditions and their implications for the broader economy.
Key Facts
- The index is based on 2015 as the base year, with a value of 100.
- Compensation costs include wages, salaries, and employer-provided benefits.
- The data is released quarterly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in total compensation costs, including wages and benefits, paid to civilian workers in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The compensation cost index is a key indicator of labor market conditions and can provide insights into wage and salary trends that are important for economic policy, business planning, and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Employment Cost Index survey.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this compensation index to assess labor market conditions and their implications for the broader economy, including decisions around employment, inflation, and monetary policy.
Q: Are there update delays or limitations?
A: The compensation cost index data is released quarterly by the U.S. Bureau of Labor Statistics, with a typical delay of about one month after the end of the reference quarter.
Related Trends
Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Estonia
ESTPREND401IXEBSAM
Value of Exports to Estonia from Arkansas
ARESTA052SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Estonia
CPALTT01EEQ661N
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Estonia
LREM24TTEEA156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Estonia
ESTCP020000IXOBM
Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Unprocessed Food for Estonia
00XFUNEEM086NEST
Citation
U.S. Federal Reserve, Index 2015=100, Quarterly, Not Seasonally Adjusted (LCEATT01EEQ661N), retrieved from FRED.