Labor Compensation: Earnings: Private Sector: Hourly for Denmark
Annual, Not Seasonally Adjusted
LCEAPR01DKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.39
Year-over-Year Change
24.19%
Date Range
1/1/1994 - 1/1/2022
Summary
This economic trend measures annual, not seasonally adjusted labor compensation per employee in the durable goods manufacturing industry. It provides insight into wage growth and labor market dynamics in this key sector.
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 annual, not seasonally adjusted labor compensation per employee in the durable goods manufacturing industry tracks changes in total employee compensation, including wages, salaries, and benefits, in this economically important manufacturing segment. It is a key indicator of labor market conditions and can inform policy decisions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This trend is monitored by policymakers, economists, and industry analysts to assess employment and wage trends in the durable goods manufacturing sector.
Key Facts
- Durable goods manufacturing accounts for over 6 million U.S. jobs.
- Compensation per employee in this sector has risen by over 20% since 2010.
- Tracking wage trends helps policymakers assess labor market health.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, not seasonally adjusted labor compensation per employee in the durable goods manufacturing industry, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into wage growth and labor market dynamics in the durable goods manufacturing sector, which is a key part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts monitor this trend to assess employment and wage conditions in the durable goods manufacturing sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the Bureau of Labor Statistics publishes this series on a regular basis.
Related Trends
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Denmark
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Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Denmark
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Denmark
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LCEAPR01DKA661N), retrieved from FRED.