Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Russia
Quarterly, Not Seasonally Adjusted
RUSLREM55TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.61
Year-over-Year Change
10.92%
Date Range
1/1/1999 - 10/1/2021
Summary
The Quarterly, Not Seasonally Adjusted trend measures the average hourly earnings of production and nonsupervisory employees in the private sector. This metric is a key indicator of 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
This economic indicator tracks changes in the average hourly wages for production and nonsupervisory workers across industries. It provides insights into the broader labor market and can inform policy decisions related to employment, inflation, and economic growth.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the overall health of the labor market and inflationary pressures.
Key Facts
- The average hourly wage for production and nonsupervisory employees was $32.82 in March 2023.
- Wages have increased by 4.2% over the past 12 months.
- The Quarterly, Not Seasonally Adjusted trend is published by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted trend measures the average hourly earnings of production and nonsupervisory employees in the private sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the broader labor market and can inform policy decisions related to employment, inflation, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the overall health of the labor market and inflationary pressures.
Q: Are there update delays or limitations?
A: The Quarterly, Not Seasonally Adjusted trend is published by the U.S. Bureau of Labor Statistics with a short delay.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (RUSLREM55TTSTQ), retrieved from FRED.