Average Hourly Earnings of All Employees: Mining, Logging, and Construction in Delaware
Annual
SMU10000001500000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.40
Year-over-Year Change
35.74%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average annual pay for all employees in the United States. It is a key economic indicator used by policymakers and analysts to track changes in worker compensation over time.
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 represents the average annual pay for all employees covered by Unemployment Insurance and Unemployment Compensation for Federal Employees programs. It is a widely-followed metric for assessing the overall health of the U.S. labor market and income growth.
Methodology
The data is collected through employer surveys and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend provides important context for interpreting consumer spending, inflation, and other economic conditions.
Key Facts
- The Annual trend reached a record high in 2021.
- Annual pay growth has outpaced inflation in recent years.
- Wages are a key driver of consumer spending in the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual pay for all employees in the United States, providing insight into overall worker compensation levels.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a critical indicator of the health of the U.S. labor market and income growth, which has important implications for consumer spending, inflation, and economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend provides important context for the Federal Reserve and other policymakers when assessing the overall state of the economy and making decisions about monetary policy.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a regular schedule by the Bureau of Labor Statistics, with minimal delays. However, there may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU10000001500000003A), retrieved from FRED.