Average Weekly Hours of All Employees: Mining, Logging, and Construction in Delaware
Annual
SMU10000001500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.30
Year-over-Year Change
-1.06%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual change in average hourly earnings for all private nonfarm employees in the United States. This metric is a key indicator of wage growth and inflationary pressures in the economy.
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 the year-over-year percent change in average hourly earnings, providing insight into the rate of change in worker compensation. It is widely followed by economists, policymakers, and market analysts to assess labor market conditions and the broader macroeconomic environment.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is a critical input for the Federal Reserve and other institutions in evaluating the appropriate monetary policy stance.
Key Facts
- The Annual trend reached a peak of 5.6% in March 2022.
- Wage growth has outpaced inflation in recent months.
- The Federal Reserve closely monitors the Annual trend for policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in average hourly earnings for all private nonfarm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of wage growth and inflationary pressures, providing important insights for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is a critical input for the Federal Reserve and other institutions in evaluating the appropriate monetary policy stance to support stable prices and maximum employment.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, Annual (SMU10000001500000002A), retrieved from FRED.