Nonfinancial Noncorporate Business; Employers' Social Contributions Paid, Transactions
NNBESCA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
219,340.00
Year-over-Year Change
67.92%
Date Range
1/1/1948 - 1/1/2023
Summary
This economic trend measures the value of social contributions paid by non-financial, non-corporate businesses to their employees. It provides insights into labor costs and employment conditions in the private sector.
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; Employers' Social Contributions Paid, Transactions metric tracks the monetary value of social security, health insurance, and other mandatory contributions that non-financial, non-corporate businesses provide to their workers. This data series is used by economists to analyze labor market dynamics and the operating expenses of small and medium enterprises.
Methodology
The data is collected through surveys of U.S. businesses and compiled by the Federal Reserve.
Historical Context
This trend is relevant for assessing the employment and compensation landscape, which informs economic policymaking.
Key Facts
- This metric excludes financial and corporate businesses.
- Social contributions include payroll taxes and benefits.
- The data is released quarterly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of social contributions paid by non-financial, non-corporate businesses to their employees, such as payroll taxes and benefits.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs and employment conditions in the private sector, which is useful for economists and policymakers analyzing the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and compiled by the Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend informs economic policymaking by providing insights into employment and compensation dynamics in the non-financial, non-corporate business sector.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve with a typical delay of several months.
Related Trends
Nonfinancial Noncorporate Business; Rents on Land and Natural Resources Paid, Transactions
NNBLRPA027N
Nonfinancial Noncorporate Business; Consumer Credit; Asset, Transactions
NNBCCAQ027S
Nonfinancial Noncorporate Business; Interest Paid, Transactions
NNBIPAA027N
Nonfinancial Noncorporate Business; Total Mortgages; Liability, Transactions
NNBTMLQ027S
Nonfinancial Noncorporate Business; Capital Formation, Net, Transactions
NNBCFNA027N
Nonfinancial Noncorporate Business; Interest Received, Transactions
NNBIREA027N
Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Employers' Social Contributions Paid, Transactions (NNBESCA027N), retrieved from FRED.