Labor Compensation: Earnings: All Activities: Monthly for Brazil
Index 2015=100, Quarterly, Seasonally Adjusted
LCEATT03BRQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.30
Year-over-Year Change
26.01%
Date Range
4/1/2012 - 7/1/2023
Summary
This quarterly, seasonally adjusted index measures the cost of labor compensation in Brazil, with 2015 as the base year. It is a key economic indicator used by policymakers and analysts to assess 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
The Labor Cost Index for Brazil tracks changes in the cost of labor, including wages, salaries, and employer-provided benefits. It is a comprehensive measure of labor compensation that provides insight into a country's competitiveness and cost structure.
Methodology
The data is collected through surveys of businesses and compiled by Brazil's national statistical agency.
Historical Context
The Labor Cost Index is used by the Central Bank of Brazil and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Brazil's labor cost index has risen by 20% since 2015.
- Labor costs account for over 60% of total business expenses in Brazil.
- The index is published quarterly with a 2-month lag.
FAQs
Q: What does this economic trend measure?
A: The Labor Cost Index for Brazil measures the cost of labor compensation, including wages, salaries, and employer-provided benefits, on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The Labor Cost Index provides insight into labor market conditions, competitiveness, and inflationary pressures, which are crucial factors for policymakers and businesses to consider.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by Brazil's national statistical agency.
Q: How is this trend used in economic policy?
A: The Labor Cost Index is used by the Central Bank of Brazil and other institutions to inform monetary and fiscal policy decisions, as it reflects changes in labor market conditions and cost pressures.
Q: Are there update delays or limitations?
A: The index is published quarterly with a 2-month lag, meaning the most recent data may not fully reflect the current economic situation.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly, Seasonally Adjusted (LCEATT03BRQ661S), retrieved from FRED.