Labor Compensation: Earnings: Manufacturing: Hourly for Canada
LCEAMN01CAQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.24
Year-over-Year Change
-274.63%
Date Range
4/1/1955 - 1/1/2025
Summary
The 'Labor Compensation: Earnings: Manufacturing: Hourly for Canada' trend measures the average hourly earnings of manufacturing workers in Canada. This data point is a key indicator of labor market conditions 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
This series tracks the average hourly compensation, including wages and benefits, paid to production and non-supervisory employees in the Canadian manufacturing sector. It is a widely followed metric for understanding labor market dynamics and input costs for businesses.
Methodology
The data is collected through employer surveys conducted by Statistics Canada.
Historical Context
Policymakers and economists use this metric to gauge inflationary pressures, competitiveness, and the overall health of the Canadian economy.
Key Facts
- Canada's manufacturing sector employs over 1.7 million workers.
- Average hourly earnings in Canadian manufacturing have risen 32% in the past decade.
- Manufacturing makes up over 10% of Canada's total GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly compensation, including wages and benefits, paid to production and non-supervisory employees in the Canadian manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This data point is a key indicator of labor market conditions, productivity, and input costs for businesses in Canada.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge inflationary pressures, competitiveness, and the overall health of the Canadian economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Manufacturing: Hourly for Canada (LCEAMN01CAQ657S), retrieved from FRED.