Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Sweden
Annual, Not Seasonally Adjusted
LFEAICTTSEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
899,375.00
Year-over-Year Change
-1.19%
Date Range
1/1/2001 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the average hourly earnings of all employees in the private nonfarm sector. This data provides insight into wage growth and labor market conditions.
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' trend represents the average hourly wage for private sector workers in the United States. This metric is widely used by economists, policymakers, and analysts to assess changes in worker compensation and labor market dynamics.
Methodology
The data is collected through surveys of private businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is a key input for understanding consumer spending, inflation, and the overall health of the U.S. economy.
Key Facts
- The annual average wage in 2022 was $32.82 per hour.
- Wage growth has exceeded 5% year-over-year since mid-2022.
- Nominal wages have outpaced inflation in recent quarters.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the average hourly earnings of all employees in the private nonfarm 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 crucial for understanding consumer spending, inflation, and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess labor market dynamics and the potential for inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEAICTTSEA647N), retrieved from FRED.