National Income: Compensation of Employees, Paid (COE)
National Income: Compensation of Employees, Paid — Historical Chart
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Sign Up FreeUnderstanding National Income: Compensation of Employees, Paid
National Income: Compensation of Employees, Paid (FRED series COE) is a quarterly economic indicator measured in billions of dollars. The series is published through FRED, the Federal Reserve Bank of St. Louis economic database, with history going back to 1947. Values are seasonally adjusted, smoothing out predictable calendar effects so that underlying trends are easier to see.
Why it matters: National Income: Compensation of Employees, Paid is one of the indicators traders, economists, and policymakers watch within the economic complex. Analysts use it to track conditions in the US economy and to anticipate shifts in growth, inflation, and policy.
How to read it: focus on the direction and persistence of changes rather than any single quarterly print. Comparing the latest value against its level a year ago, and against its long-run range since 1947, gives a better sense of whether the series is signaling acceleration, deceleration, or a turning point.
About This Series
BEA Account Code: A033RC A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)
Recent Data
| Date | Value (Bil. of $) | Change |
|---|---|---|
| January 1, 2026 | 16,077.72 | +55.26 |
| October 1, 2025 | 16,022.46 | +185.6 |
| July 1, 2025 | 15,836.86 | +226.52 |
| April 1, 2025 | 15,610.33 | +134.35 |
| January 1, 2025 | 15,475.99 | +201.81 |
| October 1, 2024 | 15,274.18 | +238.11 |
| July 1, 2024 | 15,036.07 | +90.44 |
| April 1, 2024 | 14,945.63 | +121.89 |
| January 1, 2024 | 14,823.74 | +342.49 |
| October 1, 2023 | 14,481.25 | +169.81 |
| July 1, 2023 | 14,311.44 | +226.79 |
| April 1, 2023 | 14,084.64 | +201.22 |
Frequently Asked Questions
What is National Income: Compensation of Employees, Paid today?
The latest value of National Income: Compensation of Employees, Paid (COE) is shown at the top of this page, along with its observation date and the change from the prior reading. Data is sourced from FRED and refreshed regularly.
How often is National Income: Compensation of Employees, Paid updated?
National Income: Compensation of Employees, Paid is reported quarterly (Quarterly). New observations appear on FRED shortly after the source agency releases them, and this page updates daily.
What does a rising National Income: Compensation of Employees, Paid mean?
A sustained rise in National Income: Compensation of Employees, Paid signals strengthening readings in this economic measure, in billions of dollars. Whether that is positive or negative for markets depends on context — compare the move against the series’ trend and related indicators in the same category.
Where does the COE data come from?
The data comes from FRED® (Federal Reserve Economic Data), maintained by the Federal Reserve Bank of St. Louis, under series ID COE. History is available back to 1947.
Related Unknown Indicators
- Real Gross Domestic Product1.6
- Real gross domestic product per capita70,502
- Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private32.31
- Average Weekly Hours of All Employees, Total Private34.3
- Average Weekly Hours of Production and Nonsupervisory Employees, Manufacturing41.6
- Average Weekly Overtime Hours of Production and Nonsupervisory Employees, Manufacturing4
- Business Applications: Total for All NAICS in the United States523,971
- ICE BofA US Corporate Index Option-Adjusted Spread0.75
Data sourced from FRED®, Federal Reserve Bank of St. Louis: National Income: Compensation of Employees, Paid (COE). Retrieved from fred.stlouisfed.org. Last updated May 28, 2026.