Employment - by Economic Activity: Construction: All Persons for the Euro Area (19 Countries)
Quarterly, Not Seasonally Adjusted
LFEACNTTEZQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,178,300.00
Year-over-Year Change
3.88%
Date Range
4/1/2000 - 10/1/2022
Summary
This series measures the quarterly, not seasonally adjusted employment cost index for civilian workers in the United States. It is a key economic indicator tracked by policymakers and analysts 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 employment cost index (ECI) tracks the change in the cost of labor, including wages and benefits, for a fixed basket of occupations. The quarterly, not seasonally adjusted ECI provides insight into underlying trends in labor compensation without the effects of seasonal variation.
Methodology
The data is collected through surveys of private industry and state and local government employers by the U.S. Bureau of Labor Statistics.
Historical Context
The ECI is used by the Federal Reserve and other policymakers to inform monetary policy decisions and assess the health of the labor market.
Key Facts
- The ECI is measured quarterly, not seasonally adjusted.
- It tracks changes in wages, salaries, and benefits for civilian workers.
- The ECI is a key indicator of inflationary pressure in the labor market.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, not seasonally adjusted employment cost index (ECI) for civilian workers in the United States. The ECI tracks changes in the cost of labor, including wages and benefits.
Q: Why is this trend relevant for users or analysts?
A: The ECI is a closely watched economic indicator that provides insight into underlying trends in labor compensation and inflationary pressures in the labor market. It is used by policymakers, economists, and analysts to assess the health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private industry and state and local government employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The ECI is used by the Federal Reserve and other policymakers to inform monetary policy decisions and assess the overall health of the labor market.
Q: Are there update delays or limitations?
A: The employment cost index data is released quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFEACNTTEZQ647N), retrieved from FRED.