High-Propensity Business Applications for Pennsylvania
Percent Change from Year Ago
HBUSAPPWNSAPAYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.76
Year-over-Year Change
154.36%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' series measures the annual percent change in average hourly earnings of all private employees in the United States. This key economic indicator provides insight into wage growth and inflationary pressures.
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 'Percent Change from Year Ago' data tracks the yearly percent change in average hourly earnings, a metric used by economists and policymakers to assess the strength of the labor market and broader economic conditions. It serves as an important gauge of worker purchasing power and a potential leading indicator of future inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of nonfarm private employers.
Historical Context
Trends in average hourly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- Percent Change from Year Ago has averaged 3.1% over the last 20 years.
- Wage growth accelerated in 2022 amid tight labor market conditions.
- The Federal Reserve closely tracks this metric to assess inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series measures the annual percent change in average hourly earnings of all private employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth and inflationary pressures, serving as an important gauge of worker purchasing power and a potential leading indicator of future inflation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of nonfarm private employers.
Q: How is this trend used in economic policy?
A: Trends in average hourly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The 'Percent Change from Year Ago' data is published monthly with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (HBUSAPPWNSAPAYY), retrieved from FRED.