Labor Compensation: Earnings: Manufacturing: Hourly for Sweden
LCEAMN01SEM657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.91
Year-over-Year Change
-139.42%
Date Range
2/1/1971 - 4/1/2025
Summary
This trend measures hourly labor compensation in the manufacturing sector in Sweden. It is a key indicator of economic productivity 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
The labor compensation in manufacturing metric tracks changes in the average hourly wage and benefits paid to manufacturing workers in Sweden. This provides insight into the strength of the Swedish labor market and helps inform economic policy decisions.
Methodology
The data is collected through surveys of Swedish employers and calculated by the Federal Reserve.
Historical Context
Policymakers and economists use this indicator to assess the health of the Swedish economy and labor force.
Key Facts
- Sweden is a major manufacturing hub in Europe.
- Manufacturing accounts for over 15% of Sweden's GDP.
- Hourly labor compensation in Swedish manufacturing has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly labor compensation, including wages and benefits, for workers in the Swedish manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the strength of the Swedish labor market and the productivity of the manufacturing industry, which is a key driver of the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the health of the Swedish economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Manufacturing: Hourly for Sweden (LCEAMN01SEM657S), retrieved from FRED.