All Employees: Manufacturing: Non-Durable Goods in Delaware
Annual
SMU10000003200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.50
Year-over-Year Change
15.63%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual change in average hourly earnings for all employees on private nonfarm payrolls in the United States. This key labor market indicator is closely watched by economists and policymakers.
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 year-over-year changes in average hourly wages, providing insight into the pace of wage growth. Monitoring wage inflation is crucial for assessing the overall health of the labor market and broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
Wage growth trends are a key input for the Federal Reserve in setting monetary policy.
Key Facts
- The Annual trend reached a high of 6.7% in March 2022.
- Wage growth has outpaced inflation in recent months.
- Annual wage growth has averaged 4.3% over the past 10 years.
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: Monitoring wage growth is crucial for assessing 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 monthly Current Employment Statistics (CES) survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely tracks wage growth trends as a key input for setting monetary policy and managing inflation.
Q: Are there update delays or limitations?
A: The Annual data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU10000003200000001A), retrieved from FRED.