Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Japan
Annual, Not Seasonally Adjusted
LCEAMN01JPA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.48
Year-over-Year Change
10.60%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the annual not seasonally adjusted labor cost in Japan. It is a key indicator for economists and policymakers analyzing labor market dynamics and inflationary pressures.
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 annual not seasonally adjusted labor cost in Japan tracks the average compensation paid to workers, including wages, salaries, and benefits. It provides insight into labor market conditions and is used to assess changes in the cost of labor over time.
Methodology
The data is collected through surveys of employers by the Japanese government.
Historical Context
This labor cost trend is closely monitored by the Bank of Japan and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The annual labor cost index in Japan was 100.4 in 2021.
- Labor costs account for over 50% of total business expenses in Japan.
- Japan's labor market has experienced low wage growth in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual labor cost per worker in Japan, including wages, salaries, and benefits, on a not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This labor cost metric provides insight into the dynamics of the Japanese labor market and is a key indicator of inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the Japanese government.
Q: How is this trend used in economic policy?
A: The Bank of Japan and other policymakers closely monitor this labor cost trend to inform monetary and fiscal policy decisions that aim to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: There may be some delay in the release of this data, and it does not capture seasonal variations in labor costs.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LCEAMN01JPA661N), retrieved from FRED.