Hourly Earnings: Manufacturing for the European Union
Quarterly, Seasonally Adjusted
LCEAMN01EUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.82
Year-over-Year Change
9.10%
Date Range
1/1/1996 - 10/1/2020
Summary
This economic indicator measures the quarterly, seasonally adjusted labor costs in the euro area. It provides insights into the inflationary pressures and productivity trends within the Eurozone economy.
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 Quarterly, Seasonally Adjusted labor cost index tracks the changes in the total labor costs, including wages and salaries as well as employers' social contributions, across the euro area. It is a key metric for assessing the Eurozone's economic performance and its implications for monetary policy.
Methodology
The data is collected and calculated by Eurostat based on surveys of businesses and households across the Eurozone.
Historical Context
Policymakers and economists closely monitor this indicator to gauge inflationary risks and the overall health of the Eurozone labor market.
Key Facts
- The index is based on 2016 as the base year (2016=100).
- Labor costs account for over 60% of total production costs in the Eurozone.
- Sustained increases in the labor cost index can signal upward inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted labor cost index tracks changes in total labor costs, including wages and social contributions, across the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflationary pressures and productivity trends in the Eurozone, which are crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on surveys of businesses and households across the Eurozone.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to gauge inflationary risks and the overall health of the Eurozone labor market.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months and may be subject to revisions.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LCEAMN01EUQ661S), retrieved from FRED.