All Employees: Professional and Business Services in Nebraska
Annual, Not Seasonally Adjusted
SMU31000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.30
Year-over-Year Change
13.77%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures annual, not seasonally adjusted labor costs for the private industry in the United States. It provides important insights into wage and compensation trends that inform economic policymaking.
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 Annual, Not Seasonally Adjusted labor cost index tracks changes in total compensation, including wages and benefits, for private industry workers in the U.S. It is a key indicator used by economists and policymakers to assess inflationary pressures and labor market dynamics.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' quarterly survey of private industry employers.
Historical Context
This index is closely monitored by the Federal Reserve and other economic institutions to gauge the strength of the labor market and inflationary pressures.
Key Facts
- The index is published quarterly by the U.S. Bureau of Labor Statistics.
- It covers all private industry workers in the United States.
- The index has a base year of 2012 = 100.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted labor cost index tracks changes in total compensation, including wages and benefits, for private industry workers in the U.S.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator used by economists and policymakers to assess inflationary pressures and labor market dynamics in the United States.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' quarterly survey of private industry employers.
Q: How is this trend used in economic policy?
A: The Annual, Not Seasonally Adjusted labor cost index is closely monitored by the Federal Reserve and other economic institutions to gauge the strength of the labor market and inflationary pressures.
Q: Are there update delays or limitations?
A: The index is published quarterly by the U.S. Bureau of Labor Statistics, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU31000006000000001A), retrieved from FRED.