New Private Housing Units Authorized by Building Permits for Illinois
Not Seasonally Adjusted
ILBPPRIV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,163.00
Year-over-Year Change
27.99%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'Not Seasonally Adjusted' series measures the average hourly earnings of private production and nonsupervisory employees in the U.S. This metric is important for economists and policymakers to understand underlying wage trends 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 'Not Seasonally Adjusted' series provides the average hourly earnings of private production and nonsupervisory employees, without seasonal adjustments. This raw data is useful for analyzing broader wage patterns and benchmarking against other labor market indicators.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This wage metric is closely watched by the Federal Reserve and other policymakers for insight into labor market conditions and potential inflationary risks.
Key Facts
- The 'Not Seasonally Adjusted' series dates back to 1964.
- Wage growth is a key input for the Federal Reserve's dual mandate of price stability and maximum employment.
- This metric excludes the effects of seasonal hiring patterns.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' series measures the average hourly earnings of private production and nonsupervisory employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This raw wage data is important for understanding underlying labor market conditions and inflationary pressures, without the distortions of seasonal hiring patterns.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Not Seasonally Adjusted' wage metric is closely watched by the Federal Reserve and other policymakers for insight into labor market conditions and potential inflationary risks.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 weeks from the reference period.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (ILBPPRIV), retrieved from FRED.