Labor Compensation: Earnings: All Activities: Weekly for Australia
Annual, Seasonally Adjusted
LCEATT02AUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,061.57
Year-over-Year Change
66.70%
Date Range
1/1/1984 - 1/1/2012
Summary
This series measures the annual, seasonally adjusted labor cost per hour for the U.S. total private industry, providing insight into labor market trends 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
The Annual, Seasonally Adjusted labor cost per hour metric tracks changes in total labor compensation, including wages, salaries, and benefits, across the private sector. This metric is a key indicator used by economists and policymakers to assess labor market dynamics and inflationary risks.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in labor costs are closely monitored by the Federal Reserve and other institutions when setting monetary policy.
Key Facts
- The series tracks labor costs across all private-sector industries.
- Annual, seasonally adjusted data is reported quarterly.
- This metric is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted labor cost per hour for the U.S. total private industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in labor costs are a crucial indicator of inflationary pressures and labor market dynamics, making this metric highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this labor cost metric are closely monitored by the Federal Reserve and other institutions when setting monetary policy to assess inflationary risks and labor market conditions.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a slight delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LCEATT02AUA189S), retrieved from FRED.