Average Hourly Earnings of All Employees, Wholesale Trade
Not Seasonally Adjusted
CEU4142000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.82
Year-over-Year Change
3.27%
Date Range
3/1/2006 - 7/1/2025
Summary
The 'Not Seasonally Adjusted' series tracks employment levels in the U.S. without adjusting for typical seasonal variations. This provides a raw, unfiltered view of the labor market.
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 'Not Seasonally Adjusted' series represents employment data that has not been adjusted to account for predictable seasonal patterns, such as increased hiring around the holidays. This allows economists to analyze underlying trends without the distorting effects of seasonal factors.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this series to understand the true state of the labor market, alongside seasonally adjusted data.
Key Facts
- The 'Not Seasonally Adjusted' series shows raw, unadjusted employment levels.
- Seasonal hiring and layoffs can distort the picture of the labor market.
- Analyzing both seasonally adjusted and unadjusted data provides a more complete view.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' series tracks total employment levels in the U.S. without accounting for typical seasonal variations in hiring and layoffs.
Q: Why is this trend relevant for users or analysts?
A: Monitoring unadjusted employment data provides a raw, unfiltered view of the labor market, which can complement the seasonally adjusted figures used in policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze both seasonally adjusted and unadjusted employment data to get a comprehensive understanding of the labor market when making policy decisions.
Q: Are there update delays or limitations?
A: The 'Not Seasonally Adjusted' series is published concurrently with the seasonally adjusted data, following the same release schedule.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (CEU4142000003), retrieved from FRED.