Labor Compensation: Earnings: Manufacturing and Mining: Monthly for Austria
Index 2015=100, Quarterly, Seasonally Adjusted
LCEAMM03ATQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.07
Year-over-Year Change
35.85%
Date Range
1/1/1960 - 4/1/2023
Summary
This economic indicator tracks the Quarterly, Seasonally Adjusted Index of manufacturing labor costs in the United States, with a base year of 2015. It provides insights into trends in labor productivity and wage pressures within the manufacturing sector.
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 Manufacturing Labor Cost Index measures the average hourly compensation costs, including wages and benefits, for production and nonsupervisory employees in the U.S. manufacturing industry. This metric is used by economists and policymakers to assess labor market dynamics and inflationary pressures within the manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Historical Context
Trends in this index are closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions.
Key Facts
- The base year for the index is 2015.
- The index is adjusted for seasonal variations.
- The index tracks labor costs in the U.S. manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarterly, seasonally adjusted index of manufacturing labor costs in the United States, with a base year of 2015.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insights into labor productivity and wage pressures within the manufacturing sector, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published on a quarterly basis, with a typical release delay of several weeks after the end of the quarter.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly, Seasonally Adjusted (LCEAMM03ATQ661S), retrieved from FRED.