Labor Compensation: Earnings: Manufacturing: Hourly for Canada
Growth rate previous period, Monthly, Seasonally Adjusted
LCEAMN01CAM657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
-130.03%
Date Range
2/1/1955 - 3/1/2025
Summary
The 'Growth rate previous period, Monthly, Seasonally Adjusted' metric measures the month-over-month change in economic output, providing insights into the pace of economic expansion or contraction.
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 economic indicator tracks the growth rate of a key measure of economic activity on a monthly basis, with seasonal adjustments to account for recurring patterns. It is a widely-used statistic that helps economists and policymakers assess the momentum of the overall economy.
Methodology
The data is calculated from official government statistics on economic output.
Historical Context
This growth rate metric informs monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Key Facts
- The growth rate is measured on a month-over-month basis.
- Seasonal adjustments help isolate underlying economic trends.
- This metric is a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This metric measures the month-over-month change in a key measure of economic output, providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This growth rate indicator is widely used by economists and policymakers to assess the momentum of the overall economy and inform decisions on monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated from official government statistics on economic output.
Q: How is this trend used in economic policy?
A: This growth rate metric informs monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short delay to allow for seasonal adjustments.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (LCEAMN01CAM657S), retrieved from FRED.