Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Japan
LCEAMN01JPQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.87
Year-over-Year Change
5.96%
Date Range
1/1/1955 - 1/1/2025
Summary
The 'Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Japan' trend measures average hourly earnings in the Japanese manufacturing sector. This metric provides insight into labor costs and productivity trends that are crucial for understanding the country's economic performance.
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 average hourly earnings, including regular and overtime pay, for employees in the Japanese manufacturing industry. It serves as an important indicator of labor market conditions and inflationary pressures within the broader economy.
Methodology
The data is collected through employer surveys by the Japanese government.
Historical Context
Policymakers and analysts monitor this trend to assess the competitiveness of Japan's manufacturing sector and make informed decisions about monetary and fiscal policies.
Key Facts
- Japan is the world's third-largest economy.
- Manufacturing accounts for over 20% of Japan's GDP.
- Hourly earnings in Japanese manufacturing have risen steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings, including regular and overtime pay, for employees in the Japanese manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor costs and productivity trends within Japan's manufacturing industry, which is a crucial driver of the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the Japanese government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the competitiveness of Japan's manufacturing sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Japanese government, with minimal update delays.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Japan (LCEAMN01JPQ661N), retrieved from FRED.