Labor Compensation: Earnings: Manufacturing: Hourly for Luxembourg
Annual
LCEAMN01LUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.02
Year-over-Year Change
-164.56%
Date Range
1/1/1981 - 1/1/2023
Summary
The Annual trend measures the percent change in annual labor compensation per employee in the manufacturing sector. It provides insight into employee earnings and productivity, which are key indicators of economic health.
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 trend tracks the year-over-year percent change in labor compensation per employee in the U.S. manufacturing industry. This metric reflects changes in wages, benefits, and labor productivity, offering valuable insights into the economic conditions and competitiveness of the manufacturing sector.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess labor market dynamics and inform decisions around economic policy and industrial development.
Key Facts
- The Annual trend reached a peak of 4.2% in 2019.
- Manufacturing labor compensation per employee fell 0.8% in 2020 due to the COVID-19 pandemic.
- This metric has shown steady growth since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in labor compensation per employee in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into employee earnings, labor productivity, and overall economic conditions in the manufacturing industry, which is a crucial sector for the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess labor market dynamics and inform decisions around economic policy and industrial development.
Q: Are there update delays or limitations?
A: The Annual data is released on a quarterly basis, with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Annual (LCEAMN01LUA659S), retrieved from FRED.