Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for United States
USAHOUREAAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.63
Year-over-Year Change
45.69%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures average hourly earnings in the U.S. manufacturing sector, providing insights into wage levels and economic activity.
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 Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for United States series tracks changes in average hourly wages paid to manufacturing workers, a key indicator of labor market conditions and economic performance.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, analysts, and businesses to gauge inflationary pressures and the overall health of the manufacturing industry.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- The U.S. manufacturing sector employs over 12 million workers.
- Hourly earnings in manufacturing have grown by over 30% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings paid to workers in the U.S. manufacturing sector, providing insights into wage levels and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, analysts, and businesses to gauge inflationary pressures and the overall health of the manufacturing industry.
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 metric is used by economists and policymakers to monitor the state of the manufacturing sector and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for United States (USAHOUREAAISMEI), retrieved from FRED.