Work Started: Construction: Dwellings and Residential Buildings: Total for United States
Number, Monthly level, Quarterly, Seasonally Adjusted
WSCNDW01USQ470S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101,472.22
Year-over-Year Change
4.88%
Date Range
1/1/1960 - 7/1/2018
Summary
This economic trend measures the monthly, quarterly, and seasonally adjusted level of the U.S. wage share. It provides insights into the distribution of national income between labor and capital.
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 wage share is the proportion of national income that goes to labor compensation. Economists use this metric to analyze the balance of power between workers and businesses, and its implications for inflation, productivity, and inequality.
Methodology
The data is calculated by the U.S. Federal Reserve based on national accounts data.
Historical Context
The wage share trend is closely watched by policymakers, who may adjust fiscal and monetary policies to influence the labor market dynamics it represents.
Key Facts
- The U.S. wage share has declined from over 60% in the 1970s to around 56% today.
- A lower wage share can indicate rising inequality and weaker worker bargaining power.
- Declining wage share is a global trend, with implications for economic stability and political dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of national income that goes to labor compensation in the United States, providing insights into the distribution of income between workers and businesses.
Q: Why is this trend relevant for users or analysts?
A: The wage share is a key indicator of the balance of power between labor and capital, with implications for inflation, productivity, and income inequality that are closely watched by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers may adjust fiscal and monetary policies to influence the labor market dynamics represented by the wage share trend, as it has broad implications for the economy.
Q: Are there update delays or limitations?
A: The wage share data is published monthly and quarterly by the Federal Reserve, with the most recent figures available.
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Citation
U.S. Federal Reserve, Number, Monthly level, Quarterly, Seasonally Adjusted (WSCNDW01USQ470S), retrieved from FRED.