Labor Compensation: Earnings: Manufacturing: Hourly for Sweden
LCEAMN01SEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.48
Year-over-Year Change
363.09%
Date Range
1/1/1972 - 1/1/2025
Summary
This economic trend measures hourly labor compensation in the manufacturing sector of Sweden. It provides valuable insights into the costs and income dynamics of the Swedish manufacturing industry.
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: Earnings: Manufacturing: Hourly for Sweden series tracks the average hourly earnings of workers in the Swedish manufacturing sector. This metric is used to analyze labor market conditions, productivity, and inflationary pressures in the Swedish economy.
Methodology
The data is collected through surveys of manufacturing establishments in Sweden.
Historical Context
This trend is closely monitored by Swedish policymakers, central bankers, and global investors to assess the competitiveness and health of the Swedish manufacturing industry.
Key Facts
- Sweden is a major exporter of manufactured goods.
- Manufacturing accounts for over 15% of Sweden's GDP.
- Hourly labor costs in Swedish manufacturing have risen steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of workers in the manufacturing sector of Sweden.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, productivity, and inflationary pressures in the Swedish 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 surveys of manufacturing establishments in Sweden.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by Swedish policymakers, central bankers, and global investors to assess the competitiveness and health of the Swedish manufacturing industry.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, with limited delays or gaps in coverage.
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Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Manufacturing: Hourly for Sweden (LCEAMN01SEQ659S), retrieved from FRED.