Harmonized Unemployment: Monthly Levels: Aged 25 and over: Females for Spain
Monthly, Not Seasonally Adjusted
LFHUADFEESM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,351,000.00
Year-over-Year Change
-4.12%
Date Range
1/1/1983 - 11/1/2023
Summary
This economic trend measures the average weekly earnings of employees in the U.S. private sector, excluding the farm sector. It provides important insights into labor market conditions and the purchasing power of workers.
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 U.S. Average Hourly Earnings series tracks the average hourly wage paid to private non-farm employees. It is a key indicator of inflationary pressures and the overall health of the labor market.
Methodology
The data is collected through monthly surveys of U.S. businesses.
Historical Context
Average hourly earnings are closely watched by policymakers, investors, and economists as a barometer of wage growth and potential inflationary pressures.
Key Facts
- Wages have grown by 5.2% over the past year.
- Hourly earnings are a leading indicator of consumer price inflation.
- The series excludes the volatile farm sector to focus on broader trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to private non-farm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: Average hourly earnings are a key indicator of labor market conditions and inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economists closely monitor average hourly earnings as a barometer of wage growth and potential inflationary pressures.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely insights into labor market dynamics.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees, Private Nonfarm (LFHUADFEESM647N), retrieved from FRED.