Real Households Final Consumption Expenditure for Russia
Annual
NCPHIRXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,448,624.50
Year-over-Year Change
57.87%
Date Range
1/1/2011 - 1/1/2024
Summary
The Annual trend measures the annual rate of change in the nominal compensation per hour, including benefits, in the nonfarm business sector. This metric is a key indicator of labor costs and productivity.
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 trend tracks the year-over-year change in nominal hourly compensation for U.S. nonfarm businesses. It is a widely-used gauge of wage pressures and labor market tightness, which informs policymakers and analysts about inflationary risks and productivity trends.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses.
Historical Context
Policymakers and economists closely monitor this metric to assess the broader health of the U.S. economy.
Key Facts
- The Annual rate reached a peak of 6.7% in Q3 2022.
- Nonfarm business sector productivity fell 4.1% in Q3 2022.
- The Federal Reserve targets 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in nominal hourly compensation, including benefits, for the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of wage pressures and labor market tightness, which informs policymakers and analysts about inflationary risks and productivity trends.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the broader health of the U.S. economy and make informed decisions.
Q: Are there update delays or limitations?
A: The Annual data is released quarterly with a lag, so there may be a delay in observing the most recent trends.
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Citation
U.S. Federal Reserve, Annual (NCPHIRXDCRUA), retrieved from FRED.