New Houses Sold by Sales Price Under $300,000 in the Midwest Census Region
Percent, Quarterly
NHSMWSPU30QP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
-7.14%
Date Range
1/1/2020 - 4/1/2025
Summary
The Percent, Quarterly economic trend measures the quarterly percentage change in average hourly earnings for manufacturing production and nonsupervisory employees. This metric provides insight into wage growth and inflationary pressures in the U.S. labor market.
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, Quarterly series tracks the quarter-over-quarter percentage change in average hourly earnings for manufacturing and nonsupervisory workers. This important labor market indicator offers economists and policymakers data on the pace of wage increases, which can inform inflation projections and monetary policy decisions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Percent, Quarterly trend is closely monitored by the Federal Reserve and other institutions to assess labor market conditions and their implications for the broader economy.
Key Facts
- Quarterly wage growth averaged 1.1% in 2022.
- Wages have risen faster than inflation in recent quarters.
- Manufacturing workers make up approximately 8% of the U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: The Percent, Quarterly trend measures the quarterly percentage change in average hourly earnings for manufacturing production and nonsupervisory employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into wage growth and inflationary pressures in the U.S. labor market, which is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Percent, Quarterly trend is closely watched by the Federal Reserve and other institutions to assess labor market conditions and their implications for inflation and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Percent, Quarterly data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Percent, Quarterly (NHSMWSPU30QP), retrieved from FRED.