Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Australia
Monthly, Not Seasonally Adjusted
LRHUADMAAUM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.32
Year-over-Year Change
17.88%
Date Range
2/1/1978 - 6/1/2025
Summary
This economic indicator measures the average hourly earnings of production and nonsupervisory employees in the manufacturing sector on a monthly basis. It is a key metric for assessing wage growth and labor market conditions.
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 monthly, not seasonally adjusted average hourly earnings for manufacturing production and nonsupervisory employees is a widely tracked economic indicator that provides insight into wage dynamics and labor market pressures. It is used by policymakers, economists, and analysts to gauge inflationary trends and the overall health of the U.S. economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted 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 and economic forecasting.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Wages make up the largest component of business costs.
- The U.S. has over 12 million manufacturing employees.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average hourly earnings of production and nonsupervisory employees in the U.S. manufacturing sector on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth and labor market conditions, which are crucial factors for policymakers, economists, and analysts in assessing the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of about one month from the reference period.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LRHUADMAAUM156N), retrieved from FRED.