FRED Graph

Notes

Share of Labour Compensation in GDP at Current National Prices for United States (LABSHPUSA156NRUG)

Source: University of California, Davis

Units: Ratio, Not Seasonally Adjusted

Frequency: Annual

Notes:

Source ID: labsh

When using these data in your research, please make the following reference: Feenstra, Robert C., Robert Inklaar and Marcel P. Timmer (2015), "The Next Generation of the Penn World Table" American Economic Review, 105(10), 3150-3182, available for download at www.ggdc.net/pwt

For more information, see http://www.rug.nl/research/ggdc/data/pwt/.

Suggested Citation:

University of Groningen and University of California, Davis, Share of Labour Compensation in GDP at Current National Prices for United States [LABSHPUSA156NRUG], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/LABSHPUSA156NRUG, .

Business Sector: Hourly Compensation for All Workers (HCOMPBS)

Source: U.S. Bureau of Labor Statistics

Release: Productivity and Costs

Units: Index 2017=100, Seasonally Adjusted

Frequency: Quarterly

Notes:

The Productivity and Costs release on August 7, 2003,
will reflect the June 2003 benchmark revision to payroll
employment. Since employment is now reported on
a North American Industry Classification System (NAICS) basis,
all of the historical data will be revised.
Changes as a consequence of the move to
NAICS should not be significant since this release
carries data at high levels of aggregation.

Suggested Citation:

U.S. Bureau of Labor Statistics, Business Sector: Hourly Compensation for All Workers [HCOMPBS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HCOMPBS, .

Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (CPIAUCSL)

Source: U.S. Bureau of Labor Statistics

Release: Consumer Price Index

Units: Index 1982-1984=100, Seasonally Adjusted

Frequency: Monthly

Notes:

The Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL) is a price index of a basket of goods and services paid by urban consumers. Percent changes in the price index measure the inflation rate between any two time periods. The most common inflation metric is the percent change from one year ago. It can also represent the buying habits of urban consumers. This particular index includes roughly 88 percent of the total population, accounting for wage earners, clerical workers, technical workers, self-employed, short-term workers, unemployed, retirees, and those not in the labor force.

The CPIs are based on prices for food, clothing, shelter, and fuels; transportation fares; service fees (e.g., water and sewer service); and sales taxes. Prices are collected monthly from about 4,000 housing units and approximately 26,000 retail establishments across 87 urban areas. To calculate the index, price changes are averaged with weights representing their importance in the spending of the particular group. The index measures price changes (as a percent change) from a predetermined reference date. In addition to the original unadjusted index distributed, the Bureau of Labor Statistics also releases a seasonally adjusted index. The unadjusted series reflects all factors that may influence a change in prices. However, it can be very useful to look at the seasonally adjusted CPI, which removes the effects of seasonal changes, such as weather, school year, production cycles, and holidays.

The CPI can be used to recognize periods of inflation and deflation. Significant increases in the CPI within a short time frame might indicate a period of inflation, and significant decreases in CPI within a short time frame might indicate a period of deflation. However, because the CPI includes volatile food and oil prices, it might not be a reliable measure of inflationary and deflationary periods. For a more accurate detection, the core CPI (CPILFESL) is often used. When using the CPI, please note that it is not applicable to all consumers and should not be used to determine relative living costs. Additionally, the CPI is a statistical measure vulnerable to sampling error since it is based on a sample of prices and not the complete average.

For more information on the CPI, see the Handbook of Methods, the release notes and announcements, and the Frequently Asked Questions (FAQs).

Suggested Citation:

U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [CPIAUCSL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPIAUCSL, .

Import Price Index (End Use): All Commodities (IR)

Source: U.S. Bureau of Labor Statistics

Release: U.S. Import and Export Price Indexes

Units: Index 2000=100, Not Seasonally Adjusted

Frequency: Monthly

Notes:

For more information, please see the Import/Export Price Indexes web site at https://www.bls.gov/mxp/

Suggested Citation:

U.S. Bureau of Labor Statistics, Import Price Index (End Use): All Commodities [IR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IR, .

Business Sector: Labor Productivity (Output per Hour) for All Workers (PRS84006091)

Source: U.S. Bureau of Labor Statistics

Release: Productivity and Costs

Units: Percent Change from Quarter One Year Ago, Seasonally Adjusted

Frequency: Quarterly

Notes:

Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked of all persons, including employees, proprietors, and unpaid family workers.

For more information, please go to https://www.bls.gov/news.release/pdf/prod2.pdf

Source Indicator PRS84006091

Suggested Citation:

U.S. Bureau of Labor Statistics, Business Sector: Labor Productivity (Output per Hour) for All Workers [PRS84006091], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PRS84006091, .