Producer Prices Index: Economic Activities: Total Energy for Ireland
Annual
PIEAEN01IEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.43
Year-over-Year Change
-2.19%
Date Range
1/1/2005 - 1/1/2017
Summary
The Annual series measures real annual earnings per employee in the U.S. nonfarm business sector. This metric is a key indicator of economic conditions and living standards.
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
Real annual earnings per employee represents the average annual compensation for workers, adjusted for inflation. It is a widely-tracked statistic that provides insight into productivity, wage growth, and household purchasing power.
Methodology
The data is calculated from the Bureau of Economic Analysis's Personal Income and Outlays report.
Historical Context
Analysts and policymakers use this series to assess labor market dynamics and the broader health of the U.S. economy.
Key Facts
- Real annual earnings per employee have grown 36% since 1980.
- The series experienced its largest annual decline of 3.9% in 2020.
- Earnings growth has averaged 1.3% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the average annual compensation for workers in the U.S. nonfarm business sector, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into productivity, wage growth, and household purchasing power, making it a key indicator of economic conditions and living standards.
Q: How is this data collected or calculated?
A: The data is calculated from the Bureau of Economic Analysis's Personal Income and Outlays report.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this series to assess labor market dynamics and the broader health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of 1-2 months.
Related Trends
Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Ireland
IRLPIEAMI01GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Ireland
IRLCP030000IXOBM
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Ireland
LFEM74FEIEA647N
Financial Market: Share Prices for Ireland
SPASTT01IEA661N
Producer Prices Index: Economic Activities: Manufacturing: Domestic for Ireland
IRLPPDMMINMEI
International Trade: Exports: Value (Goods): Total for Ireland
XTEXVA01IEA188S
Citation
U.S. Federal Reserve, Annual (PIEAEN01IEA661N), retrieved from FRED.