Nonfinancial Noncorporate Business; Compensation of Employees Paid, Transactions
NNBCEPQ027S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,611,242.00
Year-over-Year Change
16.19%
Date Range
10/1/1948 - 1/1/2025
Summary
This economic trend measures the total compensation paid to employees of nonfinancial noncorporate businesses in the United States. It provides insight into labor costs and productivity for a key segment of the economy.
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 Nonfinancial Noncorporate Business; Compensation of Employees Paid, Transactions series tracks the total wages, salaries, and benefits paid to workers in the noncorporate, nonfinancial business sector. This metric is used by economists to assess the health of small businesses and the overall labor market.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Policymakers and analysts monitor this trend to understand employment costs and gauge inflationary pressures in the economy.
Key Facts
- Noncorporate businesses account for over 50% of U.S. private-sector employment.
- Compensation costs are a major driver of inflation and a key indicator of economic health.
- This data series dates back to 1947, providing a long historical view of labor market dynamics.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total compensation, including wages, salaries, and benefits, paid to employees of nonfinancial noncorporate businesses in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor costs and productivity for a significant segment of the U.S. economy, which is useful for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand employment costs and gauge inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Compensation of Employees Paid, Transactions (NNBCEPQ027S), retrieved from FRED.