Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for United States
Monthly, Not Seasonally Adjusted
LFEAAGTTUSM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,284,000.00
Year-over-Year Change
-9.11%
Date Range
1/1/1955 - 6/1/2025
Summary
This monthly, not seasonally adjusted economic trend measures the level of average hourly earnings in the U.S. manufacturing sector. It provides insight into wage growth and inflation 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
The average hourly earnings in manufacturing series tracks the changes in the monetary compensation paid by employers to their workers in the manufacturing industry. This metric is used by economists and policymakers to assess labor market conditions and inflationary pressures in the broader economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing wages inform Federal Reserve policy decisions and are closely watched by financial markets.
Key Facts
- Manufacturing accounts for over 10% of U.S. GDP.
- Wages make up the largest component of business costs.
- The manufacturing sector employs over 12 million workers.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly wages paid to production and nonsupervisory employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing wages are an important indicator of overall labor market conditions and inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing wage trends inform Federal Reserve policy decisions and are closely watched by financial markets.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag and is not seasonally adjusted.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production and Nonsupervisory Employees: Manufacturing (LFEAAGTTUSM647N), retrieved from FRED.