Average Hourly Earnings of Production and Nonsupervisory Employees, Professional and Business Services
CES6000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.13
Year-over-Year Change
4.21%
Date Range
1/1/1964 - 7/1/2025
Summary
Tracks hourly wages for production and nonsupervisory workers in professional and business services. Provides critical insight into labor compensation trends in a key economic 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 metric measures average hourly earnings for non-management employees in professional and business service industries. It reflects wage dynamics and labor market conditions.
Methodology
Data collected through monthly establishment surveys by the Bureau of Labor Statistics.
Historical Context
Used by policymakers and economists to assess wage growth and labor market health.
Key Facts
- Represents non-management workers in professional services
- Monthly updated economic indicator
- Crucial for understanding labor market compensation
FAQs
Q: What does this economic series measure?
A: It tracks average hourly wages for non-supervisory employees in professional and business services sectors.
Q: How often is this data updated?
A: The series is updated monthly by the Bureau of Labor Statistics.
Q: Why are hourly earnings important?
A: They indicate labor market health, wage pressures, and potential inflationary trends.
Q: What industries are included?
A: Covers professional, scientific, technical, and business support service sectors.
Q: How can investors use this data?
A: Helps assess economic growth, labor market strength, and potential business cycle indicators.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production and Nonsupervisory Employees, Professional and Business Services (CES6000000008), retrieved from FRED.