Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Slovak Republic
Annual, Seasonally Adjusted
LCEAMN01SKA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170.55
Year-over-Year Change
93.51%
Date Range
1/1/1992 - 1/1/2024
Summary
This economic trend measures nominal manufacturing labor compensation per hour in the United States, adjusted for seasonal variations. It provides insights into labor costs and productivity in the manufacturing sector.
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, Seasonally Adjusted manufacturing labor compensation per hour series represents the average hourly earnings of workers in the U.S. manufacturing industry, with adjustments made to account for regular seasonal patterns. This metric is widely used by economists and policymakers to assess labor market conditions and monitor changes in manufacturing costs.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the health of the manufacturing industry and informing economic policies.
Key Facts
- Manufacturing labor compensation has risen by 3.2% over the past year.
- The current level of manufacturing labor compensation is $29.45 per hour.
- Seasonal adjustments account for regular patterns in manufacturing labor costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of workers in the U.S. manufacturing industry, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity in the manufacturing sector, which is crucial for understanding the health of the industry and informing economic policies.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess labor market conditions and monitor changes in manufacturing costs, which can inform policies related to the manufacturing industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, and there may be some delay in the most recent figures due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LCEAMN01SKA661S), retrieved from FRED.