Labor Compensation: Earnings: Private Sector: Hourly for France
Annual, Not Seasonally Adjusted
LCEAPR01FRA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.01
Year-over-Year Change
28.03%
Date Range
1/1/1996 - 1/1/2022
Summary
This economic indicator measures the annual growth rate of labor costs per hour in the manufacturing sector of France. It provides insights into wage pressures and inflationary trends.
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 Annual, Not Seasonally Adjusted labor cost per hour index tracks changes in the average hourly compensation for manufacturing workers in France. It is a key metric for understanding labor market dynamics and assessing the competitiveness of the French manufacturing industry.
Methodology
The data is collected through employer surveys and calculated as an annual, non-seasonally adjusted index.
Historical Context
Policymakers and analysts use this trend to evaluate the state of the French economy and inform decisions on monetary and fiscal policies.
Key Facts
- The base year for this index is 2015 = 100.
- France is the world's 7th largest manufacturing economy.
- Manufacturing accounts for over 10% of France's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the annual growth rate of labor costs per hour in the manufacturing sector of France.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into wage pressures and inflationary trends, which are crucial for evaluating the health of the French economy and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated as an annual, non-seasonally adjusted index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of the French economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a regular annual basis, with a potential delay of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LCEAPR01FRA661N), retrieved from FRED.