Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 74 Years for Estonia
Annual, Seasonally Adjusted
LREM74MAEEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.63
Year-over-Year Change
8.95%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted Employment Cost Index (ECI) for total compensation of civilian workers in the United States. The ECI is a key indicator of labor market pressures and inflationary trends.
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 employer-provided benefits. It is a widely-used metric for assessing labor market dynamics and informing monetary policy decisions.
Methodology
The data is collected through the National Compensation Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The ECI is closely monitored by the Federal Reserve and other policymakers to gauge inflationary pressures and guide economic interventions.
Key Facts
- The ECI is published quarterly by the Bureau of Labor Statistics.
- The ECI covers a broad range of civilian workers, including private industry and state/local government.
- Historically, the ECI has been a more stable and reliable indicator of labor costs than measures like average hourly earnings.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted Employment Cost Index (ECI) tracks changes in the total compensation costs for civilian workers in the United States, including wages, salaries, and employer-provided benefits.
Q: Why is this trend relevant for users or analysts?
A: The ECI is a crucial indicator of labor market pressures and inflationary trends, providing valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the National Compensation Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor the ECI to gauge inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The ECI is published quarterly by the Bureau of Labor Statistics, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM74MAEEA156S), retrieved from FRED.