Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for United States
LCEAMN01USM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.83
Year-over-Year Change
4.01%
Date Range
1/1/1955 - 6/1/2025
Summary
The Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for United States measures the average hourly earnings of workers in the manufacturing sector. This data is closely watched by economists and policymakers as an indicator of economic activity and inflationary pressures.
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 represents the average hourly earnings of all employees in the manufacturing industry in the United States. It is a key indicator of labor costs and can provide insights into the overall health of the manufacturing sector and the broader economy.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is used by policymakers, analysts, and investors to gauge the strength of the manufacturing industry and its impact on the overall economy.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Hourly earnings in the manufacturing sector have increased by 25% over the past decade.
- Rising manufacturing wages can contribute to broader inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of workers in the manufacturing sector of the United States economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant because it provides insights into the strength of the manufacturing industry and can signal changes in labor costs and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors use this trend to gauge the health of the manufacturing sector and its impact on the overall economy, which can inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for United States (LCEAMN01USM661N), retrieved from FRED.