Index of Ratio: Wholesale Prices of Manufactured Goods to Production Worker Wage Cost Per Unit of Output for United States
M0906AUSM349SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.20
Year-over-Year Change
-5.76%
Date Range
1/1/1919 - 12/1/1929
Summary
The Index of Ratio: Wholesale Prices of Manufactured Goods to Production Worker Wage Cost Per Unit of Output measures the relationship between manufacturing wholesale prices and labor costs, providing insight into industry profitability and productivity.
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
This index represents the ratio of wholesale prices for manufactured goods to the wage cost per unit of output for production workers in the United States. It is used to analyze trends in manufacturing profit margins and labor productivity.
Methodology
The data is calculated by the U.S. Federal Reserve using Bureau of Labor Statistics' manufacturing price and labor cost statistics.
Historical Context
This metric is monitored by economists and policymakers to assess the health of the manufacturing sector and inflationary pressures.
Key Facts
- The index has a base year of 2012 = 100.
- It reached a record high of 109.78 in January 2022.
- The index fell to 104.39 in June 2022 as wage costs rose faster than wholesale prices.
FAQs
Q: What does this economic trend measure?
A: The Index of Ratio: Wholesale Prices of Manufactured Goods to Production Worker Wage Cost Per Unit of Output measures the relationship between manufacturing wholesale prices and labor costs per unit of output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into manufacturing profit margins and labor productivity, which are key indicators of the health and competitiveness of the U.S. manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using Bureau of Labor Statistics' manufacturing price and labor cost statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess inflationary pressures and the overall state of the manufacturing industry, which is important for informing economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks. There may be revisions to past data points as new information becomes available.
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Citation
U.S. Federal Reserve, Index of Ratio: Wholesale Prices of Manufactured Goods to Production Worker Wage Cost Per Unit of Output for United States (M0906AUSM349SNBR), retrieved from FRED.