All Employees: Other Services in Arkansas
Annual, Not Seasonally Adjusted
SMU05000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.80
Year-over-Year Change
51.26%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for private nonfarm payroll employees in the United States. It provides insights into 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
The Annual, Not Seasonally Adjusted series tracks changes in average hourly wages over time, offering a high-level view of nominal earnings growth. This metric is closely watched by economists, policymakers, and financial analysts to gauge inflationary pressures and the overall health of the labor market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample of businesses and government agencies.
Historical Context
Policymakers use this wage trend to inform monetary and fiscal policy decisions, while market participants analyze it to assess the economic outlook.
Key Facts
- The data is not seasonally adjusted, reflecting the raw annual change in wages.
- This metric is used to track inflationary pressures in the broader economy.
- Wage growth is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for private nonfarm payroll employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This wage trend is closely watched by economists, policymakers, and market participants as it provides insights into labor market conditions and inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers use this wage trend to inform monetary and fiscal policy decisions, while market participants analyze it to assess the economic outlook.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU05000008000000001A), retrieved from FRED.