All Employees: Leisure and Hospitality: Limited-Service Restaurants and Other Eating Places in Alabama
Monthly, Seasonally Adjusted
SMU01000007072259001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.76
Year-over-Year Change
-0.11%
Date Range
1/1/2002 - 7/1/2025
Summary
The Monthly, Seasonally Adjusted trend measures changes in average hourly earnings for production and nonsupervisory employees in the private nonfarm sector. This economic indicator is closely watched by policymakers to gauge wage inflation 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 Monthly, Seasonally Adjusted trend tracks changes in nominal hourly earnings, providing insights into labor market dynamics and the pace of wage growth. Economists and analysts use this data to assess the strength of the economy and inform policy decisions.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
This trend is a key input for the Federal Reserve and other policymakers in evaluating the health of the labor market and inflationary pressures.
Key Facts
- Average hourly earnings for private sector production and nonsupervisory employees.
- Seasonally adjusted to account for regular fluctuations in the labor market.
- Provides an important gauge of economic and wage inflation conditions.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted trend measures changes in average hourly earnings for production and nonsupervisory employees in the private nonfarm sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by policymakers, economists, and analysts as it provides insights into labor market dynamics and the pace of wage growth, which are key indicators of economic health and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Monthly, Seasonally Adjusted trend is a key input for the Federal Reserve and other policymakers in evaluating the health of the labor market and inflationary pressures, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical release delay of a few weeks. There may be revisions to prior months' data as more information becomes available.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU01000007072259001SA), retrieved from FRED.