Average Hourly Earnings of Production and Nonsupervisory Employees, Other Services
Seasonally Adjusted
CES8000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.55
Year-over-Year Change
3.40%
Date Range
1/1/1964 - 7/1/2025
Summary
Represents seasonally adjusted employment data for comprehensive economic analysis. Provides normalized labor market insights accounting for predictable seasonal variations.
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
Seasonally adjusted data removes recurring seasonal patterns to reveal underlying economic trends. Enables more accurate comparison of employment metrics across different periods.
Methodology
Calculated using statistical techniques that eliminate predictable seasonal fluctuations.
Historical Context
Critical for economists, policymakers, and researchers analyzing long-term labor market trends.
Key Facts
- Removes cyclical seasonal employment variations
- Enables more accurate trend analysis
- Used in official economic reporting
FAQs
Q: What does seasonal adjustment mean?
A: Statistical technique that removes predictable seasonal patterns from economic data. Reveals underlying trends.
Q: Why is seasonal adjustment important?
A: Allows meaningful comparison of economic indicators across different time periods by eliminating recurring variations.
Q: How is seasonal adjustment calculated?
A: Uses complex statistical models that identify and remove predictable seasonal fluctuations from raw data.
Q: Who uses seasonally adjusted data?
A: Economists, policymakers, researchers, and analysts studying long-term economic trends and patterns.
Q: What are limitations of seasonal adjustment?
A: Cannot predict unexpected economic disruptions or account for unprecedented market changes.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (CES8000000008), retrieved from FRED.