Sales: Wholesale Trade: Total Wholesale Trade: Value for Germany
Annual, Seasonally Adjusted
SLWHTO02DEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.37
Year-over-Year Change
56.00%
Date Range
1/1/1964 - 1/1/2022
Summary
This economic trend measures the total compensation costs for private industry workers, including wages and salaries as well as benefits. It is a key indicator of labor market conditions and inflationary pressures.
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 Employment Cost Index (ECI) tracks changes in the cost of labor, a major component of production expenses for businesses. It is closely watched by policymakers and analysts to assess the overall health of the labor market and potential wage-driven inflation.
Methodology
The data is collected through the National Compensation Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The ECI informs monetary policy decisions by the Federal Reserve and is used to project future consumer price inflation.
Key Facts
- The ECI is published quarterly by the U.S. Bureau of Labor Statistics.
- It measures changes in the cost of total employee compensation, including wages, salaries, and benefits.
- The ECI is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Employment Cost Index (ECI) measures changes in the total compensation costs for private industry workers, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The ECI is a closely watched indicator of labor market conditions and potential wage-driven inflation, which informs monetary policy decisions by the Federal Reserve.
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: The ECI informs monetary policy decisions by the Federal Reserve and is used to project future consumer price inflation.
Q: Are there update delays or limitations?
A: The ECI is published quarterly by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Employment Cost Index: Total Compensation: Private Industry Workers (SLWHTO02DEA661S), retrieved from FRED.