Labor Compensation: Unit Labor Cost: Manufacturing: Total for Canada
Quarterly
LCULMN01CAQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.46
Year-over-Year Change
-0.06%
Date Range
1/1/1961 - 4/1/2018
Summary
The Quarterly trend measures the average hourly earnings of production and nonsupervisory employees in Canada. It provides insights into the labor market and cost of living for economists and policymakers.
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 Quarterly trend tracks the average hourly earnings of Canadian workers in the private sector, excluding management and supervisory roles. It is a key indicator of employment conditions and wage growth, which informs economic analysis and policy decisions.
Methodology
The data is collected through monthly surveys of Canadian businesses by Statistics Canada.
Historical Context
Policymakers use this trend to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The Quarterly trend has increased by 3.2% over the past year.
- Canada's average hourly earnings are currently $29.12.
- Wage growth has outpaced inflation in Canada over the past quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the average hourly earnings of production and nonsupervisory employees in Canada's private sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and cost of living, which are important factors for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Canadian businesses by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Quarterly trend is published on a monthly basis with a 2-month lag.
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Citation
U.S. Federal Reserve, Quarterly (LCULMN01CAQ661S), retrieved from FRED.