Labor Compensation: Earnings: Manufacturing: Monthly for Japan
LCEAMN03JPM661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.28
Year-over-Year Change
1.93%
Date Range
1/1/1960 - 10/1/2023
Summary
The Labor Compensation: Earnings: Manufacturing: Monthly for Japan trend measures the average monthly earnings in the Japanese manufacturing sector. This metric is a key indicator of economic activity and worker 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
This series represents the average monthly earnings for manufacturing workers in Japan. It is used by economists and policymakers to assess the overall health of the Japanese economy and labor market.
Methodology
The data is collected through surveys of Japanese manufacturing employers by the Ministry of Health, Labour and Welfare.
Historical Context
Trends in manufacturing earnings can inform monetary and fiscal policy decisions in Japan.
Key Facts
- Manufacturing is a key sector of the Japanese economy.
- Earnings growth signals changes in worker productivity.
- The data is released on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly earnings of manufacturing workers in Japan. It is an important indicator of labor costs and productivity in the Japanese industrial sector.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing earnings provide insight into the overall health of the Japanese economy and can inform policy decisions by the government and central bank.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Japanese manufacturing employers by the Ministry of Health, Labour and Welfare.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the competitiveness of Japanese manufacturing and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Manufacturing: Monthly for Japan (LCEAMN03JPM661S), retrieved from FRED.