Business Applications from Corporations for Virginia
Percent Change from Year Ago
CBUSAPPWNSAVAYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.56
Year-over-Year Change
-93.33%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' series measures the year-over-year change in the value of average hourly earnings for all private nonfarm payroll employees. This provides insight into wage growth and inflation 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 indicator tracks the annual change in average hourly earnings, which is a key measure of labor costs and an important input for policymakers assessing inflationary trends in the economy.
Methodology
The data is calculated from the Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
Monitoring wage growth is crucial for the Federal Reserve and other institutions to set appropriate monetary policy.
Key Facts
- Wage growth averaged 5.5% year-over-year in 2022.
- Rapid wage growth can contribute to higher inflation.
- The Fed monitors this metric closely to guide interest rate decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series tracks the annual change in average hourly earnings for private nonfarm payroll employees.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a key input for assessing inflationary pressures and a critical factor in the Federal Reserve's monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is derived from the Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor wage growth to help determine appropriate interest rate and other monetary policy actions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (CBUSAPPWNSAVAYY), retrieved from FRED.