Labor Compensation: Earnings: All Activities: Monthly for Russia
LCEATT03RUQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,834.24
Year-over-Year Change
29.65%
Date Range
1/1/1996 - 7/1/2021
Summary
The 'Labor Compensation: Earnings: All Activities: Monthly for Russia' trend measures changes in average monthly compensation for workers in Russia across all economic activities. This provides insight into the broader health and purchasing power of the Russian labor market.
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 series tracks the average total monthly earnings, including wages and benefits, for Russian workers in all industries and occupations. It is a key indicator of labor market conditions and consumer spending power, which are crucial inputs for economic policymakers and analysts.
Methodology
The data is collected through national surveys of Russian employers and households by the Federal State Statistics Service.
Historical Context
Policymakers and economists monitor this metric to assess the broader state of the Russian economy and inform decisions around fiscal, monetary, and employment policies.
Key Facts
- Russia's average monthly labor compensation was $767 in the latest period.
- Earnings have increased by 12.4% over the past year.
- Real wage growth has outpaced inflation in Russia for the past 3 quarters.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average total monthly earnings, including wages and benefits, for workers across all industries and occupations in Russia.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the overall health and purchasing power of the Russian labor market, which is a key driver of consumer spending and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through national surveys of Russian employers and households by the Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the state of the Russian economy and inform decisions around fiscal, monetary, and employment policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 6-8 weeks. There may be revisions to prior periods as new information becomes available.
Related Trends
Number of Identified Exporters to Russia from Indiana
INRUSA475SCEN
Pension Fund Assets to GDP for Russian Federation
DDDI13RUA156NWDB
Value of Exports to Russia from Rhode Island
RIRUSA052SCEN
Producer Prices Index: Economic Activities: Manufacturing: Total for Russia
RUSPIEAMP01GPM
Value of Exports to Russia from Michigan
MIRUSA052SCEN
Number of Identified Exporters to Russia from U.S. Virgin Islands
VIRUSA475SCEN
Citation
U.S. Federal Reserve, Labor Compensation: Earnings: All Activities: Monthly for Russia (LCEATT03RUQ664S), retrieved from FRED.