All Employees: Government in Pennsylvania
Monthly, Not Seasonally Adjusted
PAGOVTN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
665.00
Year-over-Year Change
0.47%
Date Range
1/1/1990 - 7/1/2025
Summary
The Monthly, Not Seasonally Adjusted economic trend measures the average hourly earnings of all private nonfarm payroll employees in the United States. This metric is crucial for understanding labor market dynamics and wage growth patterns.
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 Monthly, Not Seasonally Adjusted series tracks the average hourly pay for U.S. workers across all private industries, excluding government employees. Economists and policymakers closely monitor this data to assess the strength of the labor market and inflationary pressures.
Methodology
The data is collected through a monthly survey of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This wage trend is a key input for the Federal Reserve's monetary policy decisions.
Key Facts
- The series dates back to 1964.
- Wages have risen by over 5% in the past year.
- Manufacturing sector wages tend to lead overall trends.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Not Seasonally Adjusted series tracks the average hourly earnings of all private nonfarm payroll employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This wage data is crucial for understanding labor market dynamics and inflationary pressures, which are key inputs for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of U.S. businesses by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this wage trend as part of its mandate to promote maximum employment and stable prices.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (PAGOVTN), retrieved from FRED.