Harmonized Unemployment: Monthly Levels: Aged 25 and over: Females for Ireland
Quarterly, Not Seasonally Adjusted
LFHUADFEIEQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,333.33
Year-over-Year Change
-38.42%
Date Range
1/1/1983 - 7/1/2023
Summary
This series measures the quarterly employment cost index for wages and salaries in the U.S. economy. It is a key indicator of labor market trends 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 changes in the cost of labor, including wages, salaries, and benefits. It is a widely-used metric for monitoring labor market conditions and guiding monetary policy decisions.
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 closely watched by the Federal Reserve and other policymakers to assess the strength of the labor market and inflationary risks.
Key Facts
- The ECI covers 80% of U.S. civilian workers.
- It measures changes in total compensation, including wages, salaries, and benefits.
- The ECI is released quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted Employment Cost Index measures changes in the cost of labor, including wages, salaries, and benefits, for civilian workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: The ECI is a key indicator of labor market conditions and inflationary pressures, providing important insights for policymakers, economists, and businesses.
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 closely monitored by the Federal Reserve and other policymakers to assess the strength of the labor market and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The ECI is released quarterly by the Bureau of Labor Statistics, with a typical release delay of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFHUADFEIEQ647N), retrieved from FRED.