Imports of Services: Other business services
Annual, Not Seasonally Adjusted
IEAMSBA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159,687.00
Year-over-Year Change
102.96%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series tracks the average annual earnings of all manufacturing production and nonsupervisory employees in the United States. This metric provides insight into wage and labor cost trends within the manufacturing sector.
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 Annual, Not Seasonally Adjusted series measures the average annual earnings of production and nonsupervisory personnel working in the U.S. manufacturing industry. This data is used by economists and policymakers to analyze employment costs, wage growth, and the overall health of the manufacturing labor market.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This economic indicator is closely monitored by the Federal Reserve and other policymakers to assess inflationary pressures and the broader strength of the U.S. economy.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- Real average hourly earnings rose 4.8% in 2022 compared to 2021.
- The U.S. manufacturing sector employs over 12 million workers.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series tracks the average annual earnings of all production and nonsupervisory employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage and labor cost trends within the crucial manufacturing industry, which is a key driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this indicator to assess inflationary pressures and the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IEAMSBA), retrieved from FRED.