Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal
Monthly
PRTHOUREAMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.09
Year-over-Year Change
5.58%
Date Range
1/1/2000 - 1/1/2024
Summary
The monthly average hourly earnings for all employees in the manufacturing industry provides an important measure of labor market conditions and inflation pressures in the U.S. economy.
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 series represents the average hourly earnings of all employees in the U.S. manufacturing sector on a monthly basis. It is a key indicator used by economists and policymakers to assess overall wage growth, productivity, and inflationary trends.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
Policymakers closely monitor this metric to gauge the strength of the labor market and inform monetary and fiscal policy decisions.
Key Facts
- The manufacturing sector accounts for around 11% of total U.S. employment.
- Hourly earnings have increased by over 40% since the early 2000s.
- Manufacturing productivity has risen by nearly 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings of all employees in the U.S. manufacturing industry on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and inflationary pressures, providing valuable insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this indicator to assess the strength of the labor market and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Monthly Average Hourly Earnings of All Employees: Manufacturing (PRTHOUREAMISMEI), retrieved from FRED.