Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Switzerland
Quarterly, Seasonally Adjusted
LREM55TTCHQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.01
Year-over-Year Change
2.71%
Date Range
4/1/1998 - 1/1/2025
Summary
This quarterly, seasonally adjusted trend measures the total average hourly earnings of all employees in the U.S. manufacturing sector. It provides insight into labor market conditions and inflationary 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 total average hourly earnings trend tracks changes in the average hourly wage paid to manufacturing workers. It is a key indicator used by economists and policymakers to assess the overall health of the labor market and inflationary dynamics.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- Manufacturing accounts for around 11% of U.S. GDP.
- Hourly earnings have risen by over 40% since 2000.
- The manufacturing sector employs roughly 12 million workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the U.S. manufacturing sector on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor market conditions and inflationary pressures, which are closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely track this metric to inform monetary policy decisions and assess the overall health of the labor market.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LREM55TTCHQ156S), retrieved from FRED.