Percent, Quarterly
NHSNESP50T74QP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
-8.00%
Date Range
1/1/2002 - 1/1/2024
Summary
This economic trend measures the quarterly percent change in the nominal hourly compensation of the nonfarm business sector. It is a key indicator of labor productivity and costs, which are closely monitored by economists and policymakers.
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 Percent, Quarterly trend tracks the rate of change in total hourly compensation, including wages and benefits, for workers in the nonfarm business sector. This metric provides insight into labor market dynamics and is used to assess broader economic conditions and inflationary pressures.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses.
Historical Context
Policymakers at the Federal Reserve and other institutions closely watch this metric to inform decisions on monetary policy and interest rates.
Key Facts
- Percent change is reported on a quarterly basis.
- The metric covers both wages and benefits.
- Nonfarm business sector represents about 75% of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percent change in the nominal hourly compensation of workers in the nonfarm business sector, which includes wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The percent change in hourly compensation is a key indicator of labor productivity and inflationary pressures, providing insights into the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected and 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 at the Federal Reserve and other institutions closely monitor this metric to inform decisions on monetary policy and interest rates.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a slight delay to allow for collection and processing.
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Citation
U.S. Federal Reserve, Percent, Quarterly (NHSNESP50T74QP), retrieved from FRED.