Quarterly, Not Seasonally Adjusted
LRHUADMAG7Q156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-20.00%
Date Range
1/1/2004 - 7/1/2017
Summary
This economic trend measures average hourly earnings for production and nonsupervisory employees in the manufacturing sector on a quarterly, not seasonally adjusted basis. It provides insights into changes in worker compensation and labor costs.
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 Quarterly, Not Seasonally Adjusted series tracks the average hourly earnings for production and nonsupervisory employees in the U.S. manufacturing industry. This metric is a key indicator of wage growth and labor market conditions, and is widely used by economists and policymakers to assess inflationary pressures and the overall health of the economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- Hourly earnings in manufacturing have risen by over 50% since 2000.
- The manufacturing sector employs approximately 12.5 million workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for production and nonsupervisory employees in the U.S. manufacturing sector on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into changes in worker compensation and labor costs, which are key indicators of inflationary pressures and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of about one month.
Related Trends
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Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for G7
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Balance of Payments: Portfolio Investment: Net (Assets Minus Liabilities) for G7
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National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for G7
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National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for G7
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Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for G7
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRHUADMAG7Q156N), retrieved from FRED.