Manufacturing Sector: Hourly Compensation for All Workers
COMPMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.97
Year-over-Year Change
13.24%
Date Range
1/1/1987 - 4/1/2025
Summary
The Manufacturing Sector: Hourly Compensation for All Workers trend measures the average hourly compensation, including wages and benefits, for all workers in the U.S. manufacturing sector. This metric is a key indicator of labor costs and productivity in the manufacturing industry.
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 tracks the total hourly compensation, encompassing both wages and benefits, paid to all workers in the U.S. manufacturing sector. It is a widely-used gauge of labor market conditions and production costs for manufacturers, providing insight into the industry's competitiveness and economic health.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturers, economists, and policymakers closely monitor this trend to assess the broader economic environment and make informed decisions.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- Hourly compensation in manufacturing is typically higher than the private sector average.
- Trends in manufacturing compensation can signal changes in industry profitability and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Manufacturing Sector: Hourly Compensation for All Workers trend measures the average hourly pay, including wages and benefits, received by all workers in the U.S. manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor costs and productivity in the manufacturing sector, providing insight into the industry's competitiveness and economic health.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturers, economists, and policymakers closely monitor this trend to assess the broader economic environment and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Manufacturing Sector: Hourly Compensation for All Workers (COMPMS), retrieved from FRED.