Labor Compensation: Earnings: Private Sector: Monthly for Hungary
Index 2015=100, Annual, Not Seasonally Adjusted
LCEAPR03HUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
198.48
Year-over-Year Change
152.05%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'Index 2015=100, Annual, Not Seasonally Adjusted' economic trend measures the annual, unadjusted changes in U.S. labor costs per hour in the total manufacturing industry.
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 index tracks the growth or decline in labor costs, which include wages, benefits, and other compensation paid to manufacturing workers. It provides insights into inflationary pressures and labor market dynamics for a critical sector of the U.S. economy.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the health of the manufacturing labor market and its implications for the broader economy.
Key Facts
- The index is based on 2015 as the base year (2015=100).
- Annual data is reported, not seasonally adjusted.
- The trend tracks labor costs in the total U.S. manufacturing industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, unadjusted changes in labor costs per hour in the total U.S. manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into inflationary pressures and labor market dynamics for a critical sector of the U.S. economy, making it relevant for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess the health of the manufacturing labor market and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is reported annually, with no seasonal adjustments.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual, Not Seasonally Adjusted (LCEAPR03HUA661N), retrieved from FRED.