Annual, Not Seasonally Adjusted
LRHUADMAG7A156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
-11.32%
Date Range
1/1/2004 - 1/1/2016
Summary
This economic trend measures the average hourly earnings of production and nonsupervisory 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, Not Seasonally Adjusted production and nonsupervisory employee hourly earnings metric tracks changes in nominal wages, providing insights into labor market dynamics and the overall direction of wage growth. It is widely used by economists and policymakers to assess the state of the economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- Nominal wage growth averaged 4.5% in 2022.
- Real wage growth has lagged behind inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and inflationary pressures, making it a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this trend to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUADMAG7A156S), retrieved from FRED.