Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 74 Years for Austria
Annual, Seasonally Adjusted
LFWA74MAATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,408,150.00
Year-over-Year Change
7.39%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted average hourly earnings for all employees in the manufacturing sector. It is a key indicator of labor costs and inflationary pressures in the U.S. 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 annual, seasonally adjusted average hourly earnings series tracks changes in the average hourly wage paid to manufacturing workers over time. This metric is closely monitored by economists and policymakers as it reflects broader labor market trends and can signal inflationary pressures in the economy.
Methodology
The data is collected through surveys of U.S. businesses and calculated as a seasonally adjusted annual average.
Historical Context
Manufacturing earnings data is used to inform monetary policy decisions and economic forecasting.
Key Facts
- Manufacturing accounts for 11% of U.S. GDP.
- Average hourly earnings rose 5.2% year-over-year in 2022.
- The manufacturing sector employs over 12 million workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all employees in the U.S. manufacturing sector, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing earnings data is a key indicator of labor market conditions and can signal inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and calculated as a seasonally adjusted annual average.
Q: How is this trend used in economic policy?
A: Manufacturing earnings data is closely monitored by the Federal Reserve and other policymakers to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA74MAATA647S), retrieved from FRED.