Index 2010=1, Monthly, Seasonally Adjusted
LCEAMN01G7M661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
1.26%
Date Range
1/1/1964 - 8/1/2017
Summary
The Index 2010=1, Monthly, Seasonally Adjusted series measures changes in manufacturing labor compensation costs in the United States. This metric is a key indicator of inflationary pressures and production costs within the manufacturing sector.
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 Index 2010=1, Monthly, Seasonally Adjusted series tracks changes in the total labor costs, including wages and benefits, for manufacturing workers in the U.S. Economists and policymakers closely monitor this index to gauge overall production costs and inflationary trends within the manufacturing industry.
Methodology
The data is collected through employer surveys and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This index provides important insights into the state of the manufacturing economy and can inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2010 as the base year with a value of 1.
- It tracks monthly, seasonally adjusted changes in labor compensation.
- The manufacturing sector accounts for approximately 11% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Monthly, Seasonally Adjusted series measures changes in total labor compensation costs, including wages and benefits, for manufacturing workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into production costs and inflationary pressures within the manufacturing sector, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This index informs monetary and fiscal policy decisions by providing insights into the state of the manufacturing economy and potential inflationary risks.
Q: Are there update delays or limitations?
A: The index is released monthly with a relatively short delay, providing timely data on manufacturing labor costs.
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Citation
U.S. Federal Reserve, Index 2010=1, Monthly, Seasonally Adjusted (LCEAMN01G7M661S), retrieved from FRED.