Labor Compensation: Earnings: Manufacturing: Hourly for Japan
LCEAMN01JPM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.34
Year-over-Year Change
796.66%
Date Range
1/1/1956 - 5/1/2025
Summary
This economic trend measures hourly labor compensation in the manufacturing sector of Japan. It is a key indicator for analyzing productivity, labor costs, and international competitiveness.
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 Labor Compensation: Earnings: Manufacturing: Hourly for Japan metric tracks the average hourly wage paid to manufacturing workers. It provides insights into the cost and productivity of Japan's labor force, which is crucial for understanding the country's economic performance and trade dynamics.
Methodology
The data is collected through surveys of Japanese manufacturing employers.
Historical Context
This trend is widely used by economists, policymakers, and investors to evaluate Japan's economic health and competitiveness.
Key Facts
- Japan is the world's third-largest economy.
- Manufacturing accounts for over 20% of Japan's GDP.
- Hourly labor costs in Japan's manufacturing sector have risen steadily in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly labor compensation, including wages and benefits, for workers in Japan's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing labor compensation trend provides important insights into Japan's labor productivity, international competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Japanese manufacturing employers.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this trend to evaluate Japan's economic health, labor market conditions, and international trade dynamics.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures over time.
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Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Manufacturing: Hourly for Japan (LCEAMN01JPM659S), retrieved from FRED.