Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Estonia
Annual, Seasonally Adjusted
LREM24MAEEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.25
Year-over-Year Change
-2.56%
Date Range
1/1/2000 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the annual growth rate of real earnings for employees in the manufacturing sector. This metric is a key indicator of consumer purchasing power and economic health.
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 tracks the annual percent change in real average hourly earnings for manufacturing production and nonsupervisory employees, adjusted for seasonal variations. It provides insight into the purchasing power of workers and can signal broader trends in consumer spending and the overall economy.
Methodology
Data is collected through surveys of establishments and adjusted for seasonal factors.
Historical Context
Analysts and policymakers monitor this metric to gauge the strength of the labor market and consumer demand.
Key Facts
- Manufacturing accounts for about 12% of U.S. GDP.
- Real earnings have grown by an average of 1.5% annually over the past decade.
- Stagnant real wage growth can signal economic uncertainty.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in real average hourly earnings for manufacturing production and nonsupervisory employees, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the purchasing power of workers and can signal broader trends in consumer spending and the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments and adjusted for seasonal factors.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to gauge the strength of the labor market and consumer demand.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM24MAEEA156S), retrieved from FRED.