Hours: Hours Worked: Manufacturing: Monthly for Japan
Quarterly, Not Seasonally Adjusted
HOHWMN03JPQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.09
Year-over-Year Change
3.57%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures the average hourly wages of production and nonsupervisory employees in the manufacturing sector of Japan on a quarterly basis. It provides insights into the labor market and cost pressures faced by Japanese manufacturers.
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, Not Seasonally Adjusted series tracks the average hourly compensation for production and nonsupervisory workers in Japan's manufacturing industry. This metric is closely monitored by economists and policymakers to assess trends in labor costs and productivity.
Methodology
The data is collected through surveys of Japanese manufacturing establishments.
Historical Context
This wage trend is used to analyze the competitiveness of Japan's manufacturing sector and inform economic policy decisions.
Key Facts
- Japan's manufacturing sector accounts for over 20% of its GDP.
- Wages have risen by an average of 2% per year over the past decade.
- Manufacturing labor costs are a key factor in Japan's export competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages of production and nonsupervisory employees in the manufacturing sector of Japan on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and cost pressures faced by Japan's manufacturing industry, which is a critical sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Japanese manufacturing establishments.
Q: How is this trend used in economic policy?
A: This wage trend is used to analyze the competitiveness of Japan's manufacturing sector and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a short delay to allow for collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (HOHWMN03JPQ661N), retrieved from FRED.