Weekly Earnings: Manufacturing for Australia
Annual
LCEAMN02AUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.89
Year-over-Year Change
61.73%
Date Range
1/1/1984 - 1/1/2011
Summary
The Annual economic trend tracks the average annual salary in the United States manufacturing sector. This metric is a key indicator of labor market conditions and wage growth.
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 trend represents the average annual earnings of employees in the U.S. manufacturing industry. It is a widely followed measure of workers' purchasing power and overall economic health.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the strength of the labor market and make informed decisions about economic policies.
Key Facts
- The average annual salary in U.S. manufacturing was $68,250 in 2022.
- Manufacturing wages have increased by 3.2% on average over the past 5 years.
- Earnings in the manufacturing sector are typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual salary earned by employees in the U.S. manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of labor market conditions and wage growth, providing insights into the purchasing power and economic well-being of manufacturing workers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of the labor market and make informed decisions about economic policies, such as monetary policy and workforce development initiatives.
Q: Are there update delays or limitations?
A: The Annual trend is updated monthly with a typical lag of 1-2 months. The data may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual (LCEAMN02AUA661N), retrieved from FRED.