Labor Compensation: Earnings: Manufacturing: Hourly for Japan
JPNLCEAMN01GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.39
Year-over-Year Change
-65.66%
Date Range
4/1/1955 - 1/1/2025
Summary
This economic trend measures hourly earnings in the manufacturing sector of Japan, providing insights into labor compensation and productivity 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 Labor Compensation: Earnings: Manufacturing: Hourly for Japan metric tracks changes in the average hourly wage for manufacturing workers, a key indicator of labor market conditions and economic performance.
Methodology
The data is collected through surveys of Japanese manufacturing firms.
Historical Context
This trend is closely watched by policymakers and economists to assess the competitiveness of Japan's export-driven economy.
Key Facts
- Japan is the world's third-largest economy.
- Manufacturing accounts for over 20% of Japan's GDP.
- Hourly earnings in Japanese manufacturing have risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of manufacturing workers in Japan, providing insights into labor compensation and productivity in the country's industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of Japan's economic competitiveness and the health of its export-driven manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Japanese manufacturing firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the competitiveness of Japan's export-oriented economy and make informed decisions about economic policies and trade strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in reporting due to the nature of survey-based economic indicators.
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Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Manufacturing: Hourly for Japan (JPNLCEAMN01GPSAQ), retrieved from FRED.