Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary
Annual, Seasonally Adjusted
LCEAMN01HUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
259.26
Year-over-Year Change
196.60%
Date Range
1/1/1995 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the annual, seasonally adjusted change in U.S. manufacturing labor costs. This metric is closely watched by economists and policymakers as an indicator of inflationary pressures and productivity.
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
This series tracks the annual change in unit labor costs for the U.S. manufacturing sector, adjusted for seasonal variations. It provides insight into the relationship between employee compensation and output, which influences price levels and monetary policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
Policymakers and analysts use this metric to assess the health of the manufacturing economy and inflationary risks.
Key Facts
- Measures annual change in U.S. manufacturing unit labor costs.
- Provides insight into productivity and inflationary pressures.
- Collected by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted change in unit labor costs for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of productivity and inflationary pressures in the manufacturing economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the manufacturing economy and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to regular updates and revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LCEAMN01HUA661S), retrieved from FRED.