Average Hourly Earnings of Production and Nonsupervisory Employees, Other Services
CEU8000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.30
Year-over-Year Change
3.21%
Date Range
1/1/1964 - 7/1/2025
Summary
Tracks average hourly earnings for production and nonsupervisory employees in the Other Services sector. Provides critical insights into wage trends and labor compensation.
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
Measures typical hourly wages for workers in service-related industries excluding management. Reflects compensation levels in diverse service sectors.
Methodology
Calculated through comprehensive employer payroll and workforce surveys.
Historical Context
Used to assess wage growth, inflation, and economic health in service industries.
Key Facts
- Covers non-management service workers
- Indicates service sector wage dynamics
- Important economic health indicator
FAQs
Q: What does this earnings data represent?
A: Average hourly wages for production and nonsupervisory employees in service industries. Excludes management compensation.
Q: Why are these earnings important?
A: Reflects wage trends, worker compensation, and economic conditions in service sectors.
Q: Which industries are included?
A: Covers diverse service sectors excluding management positions. Includes various non-supervisory service roles.
Q: How often is this data updated?
A: Monthly updates provide current wage trend information for service industry workers.
Q: Can this data predict economic trends?
A: Wage data serves as an important indicator of economic health and potential inflationary pressures.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production and Nonsupervisory Employees, Other Services (CEU8000000008), retrieved from FRED.