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Index 2015=100, Monthly
CCUSMA02HUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.31
Year-over-Year Change
-8.99%
Date Range
1/1/1968 - 12/1/2023
Summary
The 'Index 2015=100, Monthly' trend measures the monthly changes in the average hourly earnings of all employees on private nonfarm payrolls in the United States. This metric is a key indicator of wage inflation and labor market conditions.
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 'Index 2015=100, Monthly' series tracks the average hourly earnings of all employees on private nonfarm payrolls, indexed to a base year of 2015. This data point is used by economists and policymakers to assess the strength of the labor market and inflationary pressures in the broader economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The Index is used by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The index is based on 2015 as the base year, with a value of 100.
- The series covers all private nonfarm employees in the United States.
- Data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Monthly' trend measures the average hourly earnings of all employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of wage inflation and labor market conditions, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Index is used by the Federal Reserve and other institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (CCUSMA02HUM661N), retrieved from FRED.