Labor Compensation: Earnings: Manufacturing and Mining: Hourly for Austria
Index 2015=100, Annual
LCEAMM01ATA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.49
Year-over-Year Change
33.52%
Date Range
1/1/1965 - 1/1/2021
Summary
The Index 2015=100, Annual trend measures the level of manufacturing labor compensation costs in the United States on an annual basis, with 2015 as the base year.
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 index tracks changes in the costs employers incur for wages, salaries, and benefits for their manufacturing workforce. It is a key indicator of labor market conditions and inflationary pressures in the manufacturing sector.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Employment Cost Index survey.
Historical Context
Economists and policymakers monitor this index to assess the state of the labor market and make informed decisions about monetary and fiscal policies.
Key Facts
- The index has a base year of 2015 = 100.
- It measures annual changes in manufacturing labor compensation costs.
- The data is collected through the U.S. Bureau of Labor Statistics' surveys.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of manufacturing labor compensation costs in the United States on an annual basis, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of labor market conditions and inflationary pressures in the manufacturing sector, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Employment Cost Index survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess the state of the labor market and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately one month.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (LCEAMM01ATA661N), retrieved from FRED.