Labor Compensation: Wage Rate: Manufacturing: Hourly for France
Annual, Not Seasonally Adjusted
LCWRMN01FRA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.73
Year-over-Year Change
27.59%
Date Range
1/1/1960 - 1/1/2022
Summary
This trend measures the annual, not seasonally adjusted level of compensation per hour worked in the manufacturing sector of France. It provides insights into labor productivity and cost dynamics that are crucial for policymakers and economists.
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, not seasonally adjusted manufacturing compensation per hour trend in France tracks changes in labor costs and productivity over time. It is a key economic indicator used to assess the competitiveness of the French manufacturing industry and inform decisions around wage, fiscal, and monetary policies.
Methodology
The data is collected through employer surveys and calculated as the total compensation paid to manufacturing workers divided by the total hours worked.
Historical Context
This trend is closely monitored by the European Central Bank and other policymakers to gauge inflationary pressures and the health of the Eurozone economy.
Key Facts
- France's manufacturing compensation per hour averaged €47.00 in 2021.
- Manufacturing labor costs have risen by 2.3% annually in France over the past decade.
- Productivity growth has outpaced wage growth in French manufacturing since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted level of compensation per hour worked in the manufacturing sector of France.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into labor productivity and cost dynamics that are crucial for policymakers and economists to assess the competitiveness of the French manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated as the total compensation paid to manufacturing workers divided by the total hours worked.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the European Central Bank and other policymakers to gauge inflationary pressures and the health of the Eurozone economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LCWRMN01FRA661N), retrieved from FRED.