Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Canada
CANHOUREAMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.55
Year-over-Year Change
3.49%
Date Range
1/1/1955 - 3/1/2025
Summary
This economic indicator tracks hourly earnings in the Canadian manufacturing sector, providing insights into the overall labor market and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Canada metric measures the average hourly wages paid to manufacturing workers. It serves as a key barometer of labor costs and productivity trends within the Canadian economy.
Methodology
The data is collected through surveys of Canadian manufacturing establishments.
Historical Context
Policymakers and economists use this metric to gauge inflationary pressures and evaluate the competitiveness of the Canadian manufacturing sector.
Key Facts
- Canada's manufacturing sector accounts for over 10% of its GDP.
- Hourly earnings in Canadian manufacturing have increased by 25% over the past decade.
- Manufacturing is a key driver of Canada's export-oriented economy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly wages paid to workers in the Canadian manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring manufacturing wages provides insights into labor costs, productivity, and the overall health of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge inflationary pressures and evaluate the competitiveness of the Canadian manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 4-6 weeks.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Canada (CANHOUREAMISMEI), retrieved from FRED.