Average Weekly Earnings of All Employees: Private Service Providing in Delaware
Annual
SMU10000000800000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
980.86
Year-over-Year Change
40.20%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in average hourly earnings for all employees on private nonfarm payrolls in the United States. This metric is a key indicator of labor market conditions and inflationary pressures.
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 trend tracks changes in nominal wage growth, providing insight into the strength of the labor market and pressures on consumer prices. It is widely followed by economists, policymakers, and financial analysts to assess the overall health of the U.S. economy.
Methodology
This data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is a crucial input for the Federal Reserve's monetary policy decisions.
Key Facts
- The Annual trend reached a high of 6.7% in March 2022.
- Wage growth has outpaced inflation in recent months.
- Sustained high wage growth can contribute to a wage-price spiral.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in average hourly earnings for all employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of labor market conditions and inflationary pressures, providing insight into the strength of the economy and guiding policymakers' decisions.
Q: How is this data collected or calculated?
A: This 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 Annual trend is a crucial input for the Federal Reserve's monetary policy decisions, as it helps assess the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU10000000800000011A), retrieved from FRED.