Labor Compensation: Wage Rate: All Activities: Hourly for France
LCWRTT01FRQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.31
Year-over-Year Change
10.84%
Date Range
7/1/1984 - 7/1/2023
Summary
The 'Labor Compensation: Wage Rate: All Activities: Hourly for France' series measures the average hourly wage rate in France across all economic activities. This metric is a key indicator of labor market conditions and purchasing power.
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 hourly wage rate paid to workers in France, covering all economic sectors and activities. It is a widely-used indicator of labor market trends and can provide insights into inflationary pressures, productivity, and the overall health of the French economy.
Methodology
The data is collected through household and employer surveys conducted by the French national statistical agency.
Historical Context
Policymakers and economists closely monitor this wage rate trend to assess labor market dynamics and make informed decisions on economic and monetary policy.
Key Facts
- France's hourly wage rate averaged €36.10 in 2022.
- Wage growth has outpaced inflation in France in recent years.
- The service sector accounts for the largest share of French hourly wages.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly wage rate paid to workers across all economic activities in France.
Q: Why is this trend relevant for users or analysts?
A: The French hourly wage rate is a key indicator of labor market conditions, purchasing power, and inflationary pressures, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household and employer surveys conducted by the French national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this wage rate trend to assess labor market dynamics and make informed decisions on economic and monetary policy.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Labor Compensation: Wage Rate: All Activities: Hourly for France (LCWRTT01FRQ661N), retrieved from FRED.