Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Spain
Annual, Not Seasonally Adjusted
LCEAMN01ESA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.52
Year-over-Year Change
22.40%
Date Range
1/1/1981 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures the average hourly earnings of all employees in the manufacturing sector of the United States. It is a key indicator of labor market conditions and wage growth.
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 manufacturing average hourly earnings trend tracks changes in the nominal wage levels for production and nonsupervisory workers in the U.S. manufacturing industry. It is widely used by economists and policymakers to assess the health of the labor market and inflationary pressures.
Methodology
The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturing average hourly earnings are an important input for the Federal Reserve's monetary policy decisions.
Key Facts
- The manufacturing sector accounts for approximately 11% of U.S. GDP.
- Manufacturing average hourly earnings have increased by 3.2% over the past year.
- Real wages have risen 1.5% after adjusting for inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the U.S. manufacturing sector on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing average hourly earnings is a key indicator of labor market conditions and wage growth, providing insights into inflationary pressures and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing average hourly earnings is an important input for the Federal Reserve's monetary policy decisions, as it helps assess labor market conditions and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LCEAMN01ESA661N), retrieved from FRED.