Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Estonia
Quarterly, Seasonally Adjusted
ESTPREND401IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.86
Year-over-Year Change
1.08%
Date Range
1/1/2000 - 1/1/2024
Summary
The Quarterly, Seasonally Adjusted series measures the average earnings of employees in the U.S. manufacturing sector. This metric is a key indicator of labor market conditions and a barometer for the overall health of the economy.
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 Quarterly, Seasonally Adjusted series tracks the average hourly earnings of production and non-supervisory employees in the manufacturing industry. It provides insight into wage growth and inflationary pressures, which are closely monitored by policymakers and economists.
Methodology
The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Historical Context
Manufacturing earnings data is used to assess the strength of consumer demand and guide monetary and fiscal policy decisions.
Key Facts
- The series tracks average hourly earnings in the U.S. manufacturing sector.
- Data is reported on a quarterly, seasonally adjusted basis.
- The metric is a leading indicator of inflationary pressures and consumer demand.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the average hourly earnings of production and non-supervisory employees in the U.S. manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth and inflationary pressures, which are closely monitored by policymakers and economists to assess the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing earnings data is used to evaluate consumer demand and guide monetary and fiscal policy decisions by the Federal Reserve and government.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a short delay, and is seasonally adjusted to account for typical seasonal variations.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (ESTPREND401IXOBSAQ), retrieved from FRED.