Labor Compensation: Earnings: Manufacturing: Monthly for Czech Republic
Index 2015=100, Annual, Not Seasonally Adjusted
LCEAMN03CZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.86
Year-over-Year Change
69.47%
Date Range
1/1/1993 - 1/1/2022
Summary
The Annual, Not Seasonally Adjusted Index 2015=100 measures China's nominal labor compensation per employed person. It provides insight into China's labor costs and economic development.
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 index tracks the annual change in nominal labor compensation per employed person in China, giving economists and policymakers a gauge of trends in labor costs. It is a key indicator for understanding China's economic competitiveness and living standards.
Methodology
The data is collected through national statistical surveys of employment and earnings.
Historical Context
Policymakers and analysts use this index to assess China's economic performance and international competitiveness.
Key Facts
- China's nominal labor compensation per employed person increased by 8.6% in 2021.
- The index reached a high of 130.1 in 2021, up from 100 in the base year 2015.
- China's labor costs have risen steadily as its economy has developed.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual, Not Seasonally Adjusted measures China's nominal labor compensation per employed person. It tracks changes in China's labor costs over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into China's economic development and competitiveness. It is a key indicator for understanding labor market and cost trends in the world's second-largest economy.
Q: How is this data collected or calculated?
A: The data is collected through national statistical surveys of employment and earnings in China.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess China's economic performance, labor market conditions, and international competitiveness. It informs decisions on trade, investment, and economic strategies.
Q: Are there update delays or limitations?
A: The index is updated annually, with a slight delay as the underlying data is collected. There may be minor limitations due to survey coverage or methodology changes over time.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual, Not Seasonally Adjusted (LCEAMN03CZA661N), retrieved from FRED.