Employment by Economic Activity: Construction: All Persons for the European Union
Annual, Not Seasonally Adjusted
LFEACNTTEUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,813,525.00
Year-over-Year Change
-11.73%
Date Range
1/1/2003 - 1/1/2019
Summary
This series measures the annual, not seasonally adjusted employment-cost index, which tracks changes in the costs of labor, including wages and benefits, for the private nonfarm business sector in the United States.
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 employment-cost index is a key economic indicator used by policymakers and analysts to assess inflationary pressures and labor market trends. It provides insights into how compensation costs are changing over time, which can inform decisions about monetary policy, wage negotiations, and other economic policies.
Methodology
The data is collected through surveys of private nonfarm businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor the employment-cost index to gauge the health of the labor market and inflationary pressures in the broader economy.
Key Facts
- The employment-cost index is published quarterly by the U.S. Bureau of Labor Statistics.
- It covers a wide range of private-sector occupations and industries.
- The index is an important input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted employment-cost index measures changes in the costs of labor, including wages and benefits, for the private nonfarm business sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment-cost index is a key indicator used by policymakers and analysts to assess inflationary pressures and labor market trends, which can inform decisions about monetary policy, wage negotiations, and other economic policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private nonfarm businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the employment-cost index to gauge the health of the labor market and inflationary pressures in the broader economy, which can inform decisions about monetary policy and other economic policies.
Q: Are there update delays or limitations?
A: The employment-cost index is published quarterly by the U.S. Bureau of Labor Statistics, and there may be some delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEACNTTEUA647S), retrieved from FRED.