Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Israel
LCEAMN01ILM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.71
Year-over-Year Change
1.95%
Date Range
1/1/1995 - 4/1/2025
Summary
This economic trend measures average hourly earnings in the manufacturing sector of the Israeli economy. It provides insights into labor costs and productivity, which are crucial indicators for policymakers and analysts.
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 Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Israel series tracks the average hourly compensation paid to manufacturing workers in the country. This metric is widely used to assess the overall health and competitiveness of the Israeli manufacturing industry.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and economists monitor this trend to gauge inflationary pressures and the competitiveness of Israeli exports.
Key Facts
- Manufacturing accounts for over 18% of Israel's GDP.
- Hourly earnings in Israeli manufacturing have risen by 25% since 2010.
- The manufacturing sector employs over 400,000 Israelis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of workers in the manufacturing sector of the Israeli economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing labor costs, productivity, and the overall competitiveness of the Israeli manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge inflationary pressures and the competitiveness of Israeli exports.
Q: Are there update delays or limitations?
A: The data is published with a delay of several months and may not capture short-term fluctuations.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Israel (LCEAMN01ILM661N), retrieved from FRED.