Employment Benefits q/q show changes in the amounts received by employees of US companies in addition to the base wages, in the given quarter compared to the previous one. The indicator is calculated based on a survey of employers.
Economists interpret this indicator both as part of the labor cost index (as a leading indicator of inflation) and separately. The indicator itself is valuable, because it reflects the structure of insurance and pension payments, which allows insurance companies to evaluate their prospects and adjust the amounts of contracts. Representatives of business circles analyze additional payments and use them as a guide to adjust their own compensation costs.
Generally, growth of employment benefits leads to an increase in the final prices for products manufactured in the country and can therefore affect inflation. Inflation growth, in turn, is seen as positive for dollar quotes.
The chart of the entire available history of the "United States Employment Benefits q/q" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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