US Wage-Cost Pressure Signals (derived)
Quarterly US labor-cost signals derived from FRED: the Employment Cost Index (total compensation and wages & salaries — the Fed's preferred wage gauge) and nonfarm unit labor costs, with quarter-on-quarter annualized changes, year-on-year percent changes, 30-quarter annualized change volatility, 1-quarter momentum, 3-sigma anomaly flags vs a trailing 12-quarter baseline, naive-drift 1-quarter forecasts, a per-quarter cross-series volatility rank, CPI-deflated real ECI growth and the ECI-minus-unit-labor-cost spread (the wage-push vs productivity gauge). All rows are normalized to country_code USA so they join cleanly with US macro data. Raw series: Federal Reserve Bank of St. Louis (FRED); underlying survey: U.S. Bureau of Labor Statistics.
- wages
- employment-cost-index
- unit-labor-costs
- inflation