Nominal Non-profit Institutions Serving Households (NPISHs) Final Consumption Expenditure for Russia
Annual
NCPHNXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
966,291.30
Year-over-Year Change
288.71%
Date Range
1/1/2011 - 1/1/2024
Summary
The Annual trend measures the percentage change in hourly compensation costs for civilian workers in the United States. It is a key indicator of labor market conditions and a critical input for economic policy decisions.
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 total hourly compensation, including wages and benefits, for U.S. civilian workers. It is a comprehensive measure of labor costs that economists use to assess inflationary pressures and the overall health of the labor market.
Methodology
The data is collected through the National Compensation Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers at the Federal Reserve and other government agencies closely monitor the Annual trend to inform decisions on interest rates, employment, and inflation targets.
Key Facts
- The Annual trend reached a high of 5.1% in 2022.
- Compensation costs account for over 70% of total business expenses in the U.S.
- Rising labor costs can contribute to higher consumer prices and overall inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in total hourly compensation, including wages and benefits, for U.S. civilian workers.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a critical indicator of labor market conditions and inflationary pressures, making it highly relevant 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: Policymakers at the Federal Reserve and other government agencies closely monitor the Annual trend to inform decisions on interest rates, employment, and inflation targets.
Q: Are there update delays or limitations?
A: The Annual trend data is released quarterly with a short delay, providing timely insights into labor market dynamics.
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Citation
U.S. Federal Reserve, Annual (NCPHNXDCRUA), retrieved from FRED.