All Sectors; Operating Surplus, Net (IMA), Transactions
Annual
ASOSNEA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,262,248.00
Year-over-Year Change
73.80%
Date Range
1/1/1946 - 1/1/2024
Summary
The Annual trend measures the percent change in U.S. nominal average hourly earnings for all private nonfarm employees on an annual basis. This metric provides insight into wage growth and inflationary pressures in the labor market.
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 trend tracks the year-over-year percent change in average hourly earnings for U.S. private sector workers. It is a key indicator of labor costs and can signal underlying inflationary trends in the economy.
Methodology
Data is collected through the Current Employment Statistics survey of employers.
Historical Context
Policymakers at the Federal Reserve closely monitor this trend to inform monetary policy decisions.
Key Facts
- Annual earnings growth averaged 4.8% in 2022.
- Wage growth has outpaced inflation in recent years.
- Rapid wage increases can contribute to broader price inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in average hourly earnings for all U.S. private nonfarm employees.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a key indicator of labor market conditions and inflationary pressures, making this trend highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey of U.S. employers.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this trend to inform its monetary policy decisions, as rapid wage growth can contribute to broader price inflation.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual (ASOSNEA027N), retrieved from FRED.