Business Applications from Corporations for Ohio
Percent Change from Year Ago
CBUSAPPWNSAOHYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.67
Year-over-Year Change
-76.58%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' measures the annual percent change in average hourly earnings for all private sector employees in the United States. This key economic indicator provides insight into wage growth and inflationary pressures.
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 trend tracks the year-over-year percent change in average hourly earnings, a closely watched measure of wage inflation. Economists and policymakers monitor this data to assess the strength of the labor market and the potential for rising consumer prices.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of businesses and government agencies.
Historical Context
Wage growth is a crucial input for the Federal Reserve's monetary policy decisions.
Key Facts
- The current year-over-year percent change is X.X%.
- Wage growth has accelerated (or decelerated) in recent months.
- Rapid wage inflation can contribute to broader price increases.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in average hourly earnings for all private sector employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into the strength of the labor market and the potential for rising consumer prices, which are crucial factors for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Wage growth is a crucial input for the Federal Reserve's monetary policy decisions, as it can signal inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of one to two weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (CBUSAPPWNSAOHYY), retrieved from FRED.