Labor Compensation: Wage Rate: Manufacturing: Hourly for France
LCWRMN01FRQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.94
Year-over-Year Change
10.82%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures the hourly wage rate in the manufacturing sector in France. It is a key indicator of labor compensation and productivity in the French economy.
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: Wage Rate: Manufacturing: Hourly for France measures the average hourly wage paid to manufacturing workers in France. This metric is closely watched by economists and policymakers as it reflects changes in labor costs and productivity within the industrial sector.
Methodology
The data is collected through surveys of French manufacturing firms by the national statistical agency.
Historical Context
Trends in manufacturing wages provide important context for assessing the overall competitiveness and health of the French economy.
Key Facts
- France is the 7th largest manufacturing economy globally.
- Manufacturing accounts for over 10% of France's GDP.
- Hourly wages in French manufacturing have risen over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to workers in the manufacturing sector of the French economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing wages provide important insights into labor costs, productivity, and the overall competitiveness of the French industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of French manufacturing firms by the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor manufacturing wage rates to assess the health of the French economy and inform decisions around labor, trade, and industrial policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Labor Compensation: Wage Rate: Manufacturing: Hourly for France (LCWRMN01FRQ661S), retrieved from FRED.