Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for Denmark
Annual, Seasonally Adjusted
LFEAAGTTDKA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,900.00
Year-over-Year Change
-26.92%
Date Range
1/1/1995 - 1/1/2024
Summary
This trend measures the total annual compensation per full-time equivalent employee in the U.S. government and government enterprises sector. It is a key indicator of labor costs and productivity in the public sector.
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 series tracks the average total annual compensation, including wages, salaries, and benefits, for government employees. It is used by economists and policymakers to analyze public sector labor market dynamics and inform budgetary decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on establishment surveys and administrative records.
Historical Context
This metric provides context for evaluating government spending, fiscal policy, and the competitiveness of public sector compensation.
Key Facts
- Annual compensation per government employee in the U.S. was $86,301 in 2021.
- Government compensation has grown 2.6% annually on average over the past decade.
- Public sector wages account for about 15% of total government expenditures.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average total annual compensation, including wages, salaries, and benefits, for full-time equivalent employees in the U.S. government and government enterprises sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor costs and productivity in the public sector, which is crucial for evaluating government budgets, fiscal policy, and the competitiveness of public sector compensation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on establishment surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze public sector labor market dynamics and inform budgetary decisions, as it provides context for evaluating government spending and the competitiveness of public sector compensation.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately three months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEAAGTTDKA647S), retrieved from FRED.