Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Luxembourg
Annual, Seasonally Adjusted
LCEAMN01LUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.28
Year-over-Year Change
0.73%
Date Range
1/1/1980 - 1/1/2023
Summary
The Annual, Seasonally Adjusted trend measures the year-over-year change in average hourly earnings for non-supervisory employees in the leisure and hospitality sector. It is a key indicator of wage growth and labor market conditions.
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 changes in nominal wages for a major service industry sector, providing insights into labor market tightness and inflationary pressures. Economists and policymakers closely monitor this data to assess the overall health of the U.S. economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Wage trends in leisure and hospitality are closely watched for their potential impact on consumer spending and inflation.
Key Facts
- Wages in leisure and hospitality are typically lower than the overall private sector average.
- This sector is a major employer, accounting for over 17 million U.S. jobs as of 2022.
- Rapid wage growth in this industry can signal tightening labor markets and rising inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the year-over-year change in average hourly earnings for non-supervisory employees in the leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions and inflationary pressures, as wages in the leisure and hospitality sector are closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Wage trends in leisure and hospitality are closely monitored for their potential impact on consumer spending and overall inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LCEAMN01LUA661S), retrieved from FRED.