Average Hourly Earnings of All Employees, Professional and Business Services
This dataset tracks average hourly earnings of all employees, professional and business services over time.
Latest Value
44.36
Year-over-Year Change
5.09%
Date Range
3/1/2006 - 7/1/2025
Summary
Measures average hourly earnings for employees in professional and business services. Provides critical insight into wage trends in this dynamic sector.
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 compensation levels for workers in professional and business service industries. It reflects labor market conditions and economic productivity.
Methodology
Calculated through monthly establishment surveys by the Bureau of Labor Statistics.
Historical Context
Used by economists to analyze wage growth and labor market dynamics.
Key Facts
- Covers professional and business service sectors
- Reflects comprehensive wage information
- Updated monthly with current market data
FAQs
Q: What industries are included in this earnings series?
A: Includes professional services like consulting, legal, technical, and management services.
Q: Why track average hourly earnings?
A: Provides insight into labor market health, wage pressures, and economic productivity.
Q: How is this data collected?
A: Through monthly surveys of business establishments by the Bureau of Labor Statistics.
Q: What does this data indicate about the economy?
A: Reflects wage growth, labor market tightness, and potential inflationary pressures.
Q: How frequently is the data updated?
A: Monthly updates provide current wage trend information for professional services.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees, Professional and Business Services (CES6000000003), retrieved from FRED.