Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Japan
LCEAMN01JPM661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.67
Year-over-Year Change
4.09%
Date Range
1/1/1955 - 4/1/2025
Summary
The Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Japan measures the average hourly compensation for manufacturing workers in Japan, providing insight into labor costs 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 economic trend represents the average hourly wage of employees in the manufacturing sector of Japan's economy. It is a key indicator used by economists and policymakers to assess labor market conditions, inflationary pressures, and the international competitiveness of Japanese exports.
Methodology
The data is collected through employer surveys and calculated as a weighted average of hourly wages across the manufacturing industry.
Historical Context
Hourly earnings data informs decisions around monetary and fiscal policies aimed at promoting economic growth and stability.
Key Facts
- Japan's manufacturing sector accounts for over 20% of its GDP.
- Hourly wages have risen steadily in Japan's manufacturing industry over the past decade.
- Manufacturers rely on this data to benchmark labor costs and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation for workers employed in Japan's manufacturing sector, providing insight into labor costs and productivity.
Q: Why is this trend relevant for users or analysts?
A: Hourly earnings data in manufacturing is a key indicator used by economists, policymakers, and businesses to assess the health of Japan's labor market and the international competitiveness of its exports.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated as a weighted average of hourly wages across the manufacturing industry.
Q: How is this trend used in economic policy?
A: Hourly earnings data informs decisions around monetary and fiscal policies aimed at promoting economic growth and stability in Japan.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short delay, providing timely insights into manufacturing labor market conditions.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Japan (LCEAMN01JPM661S), retrieved from FRED.