Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Ireland
IRLHOUREAAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.70
Year-over-Year Change
34.81%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures hourly earnings in the manufacturing sector of the Irish economy, providing insight into labor costs 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
The Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Ireland series tracks the average hourly compensation paid to manufacturing workers. This metric is a key indicator of labor market conditions and is closely monitored by economists and policymakers.
Methodology
The data is collected through surveys of Irish businesses and compiled by the Central Statistics Office.
Historical Context
Hourly earnings data informs decisions around employment, investment, and economic policy.
Key Facts
- Ireland's manufacturing sector accounts for over a quarter of its GDP.
- Hourly earnings in Irish manufacturing have risen by 20% in the past decade.
- Manufacturing is a key driver of Ireland's economic growth and exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of workers in the manufacturing sector of the Irish economy.
Q: Why is this trend relevant for users or analysts?
A: Hourly earnings data provides insight into labor costs, productivity, and employment conditions in a key sector of the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish businesses and compiled by the Central Statistics Office.
Q: How is this trend used in economic policy?
A: Hourly earnings data informs decisions around employment, investment, and broader economic policy in Ireland.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Ireland (IRLHOUREAAISMEI), retrieved from FRED.