Labor Compensation: Earnings: Manufacturing: Hourly for United States
LCEAMN01USM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.07
Year-over-Year Change
-22.78%
Date Range
1/1/1956 - 6/1/2025
Summary
This economic trend measures average hourly earnings in the U.S. manufacturing sector, providing insights into labor compensation 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
The Labor Compensation: Earnings: Manufacturing: Hourly for United States series tracks changes in average hourly earnings for manufacturing workers. It is a key indicator of labor market conditions and can inform economic policy decisions.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess the health of the manufacturing industry and broader economy.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Hourly earnings in manufacturing have increased by over 50% since 2000.
- The manufacturing sector employs around 12 million workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor compensation and productivity in the manufacturing industry, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of the manufacturing sector and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Manufacturing: Hourly for United States (LCEAMN01USM659S), retrieved from FRED.