Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Estonia
Monthly, Not Seasonally Adjusted
ESTPREND401IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.40
Year-over-Year Change
-10.78%
Date Range
1/1/2000 - 11/1/2023
Summary
This trend measures the average weekly earnings of production and nonsupervisory employees in the private sector. It is a key indicator of economic health and consumer purchasing power.
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 Average Hourly Earnings of All Employees: Total Private, Not Seasonally Adjusted series tracks the average hourly earnings of workers in the private sector. It is a widely followed metric that provides insight into wage growth and labor market conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and market analysts as it offers a timely snapshot of employment compensation trends.
Key Facts
- The series is not seasonally adjusted.
- It includes production and nonsupervisory employees.
- The data is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the private sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth and labor market conditions, which are key indicators of economic health and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers, economists, and market analysts as it offers a timely snapshot of employment compensation trends, which informs decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical delay of about one month.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private, Not Seasonally Adjusted (ESTPREND401IXEBM), retrieved from FRED.