Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 24 Years for Hungary
Annual, Not Seasonally Adjusted
LRIN24MAHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.95
Year-over-Year Change
-9.92%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the year-over-year change in hourly labor income for manufacturing production and nonsupervisory employees in the United States. This metric provides insight into wage trends and labor market dynamics.
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 economic indicator tracks the annual percentage change in average hourly earnings for manufacturing workers, a key component of the U.S. labor market. Analysts use this data to assess the strength of worker compensation and inflationary pressures in the manufacturing sector.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to gauge the health of the manufacturing labor market and its potential impact on broader economic conditions.
Key Facts
- The annual, not seasonally adjusted series reflects year-over-year changes.
- Manufacturing production and nonsupervisory employees make up a significant portion of the U.S. workforce.
- Wage trends in manufacturing can signal broader economic conditions and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This series measures the year-over-year percentage change in average hourly earnings for manufacturing production and nonsupervisory employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage dynamics and labor market conditions in the manufacturing sector, which is a key component of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the health of the manufacturing labor market and its potential impact on broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRIN24MAHUA156N), retrieved from FRED.