Labor Compensation: Earnings: All Activities: Monthly for Slovak Republic
Index 2015=100, Quarterly
LCEATT03SKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.66
Year-over-Year Change
30.42%
Date Range
1/1/1990 - 4/1/2023
Summary
The Index 2015=100, Quarterly trend measures the level of total compensation costs for private industry workers in South Korea, adjusted to a base year of 2015. This metric is closely watched by economists and policymakers to gauge 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 Index 2015=100, Quarterly tracks the quarterly changes in total compensation costs, including wages, salaries, and benefits, for private sector employees in South Korea. It serves as an important indicator of labor market dynamics and broader economic performance.
Methodology
The data is collected through employer surveys by the South Korean government statistical agency.
Historical Context
This index is widely used by the Bank of Korea and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Quarterly data is available from 1990 to the present.
- South Korea is the 10th largest economy in the world.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly measures the level of total compensation costs for private industry workers in South Korea, adjusted to a base year of 2015.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to gauge labor market conditions and inflationary pressures in the South Korean economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the South Korean government statistical agency.
Q: How is this trend used in economic policy?
A: The Index 2015=100, Quarterly is widely used by the Bank of Korea and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: Quarterly data is available from 1990 to the present, with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (LCEATT03SKQ661N), retrieved from FRED.