Question 1

What is Nonfarm Business Sector: Labor Share for All Workers?

Accepted Answer

Labor's share in current dollar output in a given sector is simply the ratio of labor compensation paid in that sector to current dollar output.

For more information, please go to https://www.bls.gov/news.release/pdf/prod2.pdf PRS85006172

Question 2

Where does Nonfarm Business Sector: Labor Share for All Workers data come from?

Accepted Answer

This dataset is sourced from FRED (FRED), a trusted provider of economic and financial data. DataSetIQ aggregates and standardizes this data for easy access and analysis.

Question 3

How often is Nonfarm Business Sector: Labor Share for All Workers updated?

Accepted Answer

This dataset is updated on a q basis by FRED. DataSetIQ syncs the latest data regularly to ensure you have access to the most current information.

Question 4

What time period does Nonfarm Business Sector: Labor Share for All Workers cover?

Accepted Answer

This dataset covers the period from 1947 to 2026. The temporal coverage allows for historical analysis and trend identification over 79 years of data.

Question 5

What units is Nonfarm Business Sector: Labor Share for All Workers measured in?

Accepted Answer

The data in this dataset is measured in % Chg. at Annual Rate. Understanding the measurement units is important for accurate interpretation and comparison with other datasets.

Question 6

What is the data quality score for Nonfarm Business Sector: Labor Share for All Workers?

Accepted Answer

Nonfarm Business Sector: Labor Share for All Workers has a DataSetIQ score of 100/100. This score measures data quality based on completeness, timeliness, consistency, and coverage metrics.

Nonfarm Business Sector: Labor Share for All Workers

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