Average Hourly Earnings of All Employees: Financial Activities in Delaware
Annual
SMU10000005500000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.42
Year-over-Year Change
42.83%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average hourly earnings of production and nonsupervisory employees in the private nonfarm sector of the U.S. economy. This metric is closely watched by economists and policymakers as an indicator of labor market strength 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 hourly wages, providing insight into labor costs and worker purchasing power. It serves as a key input for monetary policy decisions and economic forecasting by the Federal Reserve and other institutions.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts use the Annual trend to gauge the health of the labor market and evaluate the potential for inflation or changes in consumer spending.
Key Facts
- Hourly earnings have risen by over 50% since 2000.
- The Annual trend reached a record high in 2022.
- Wage growth has outpaced inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average hourly earnings of production and nonsupervisory employees in the private nonfarm sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched as an indicator of labor market strength and inflationary pressures, providing insight into labor costs and worker purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend serves as a key input for monetary policy decisions and economic forecasting by the Federal Reserve and other institutions.
Q: Are there update delays or limitations?
A: The Annual trend is published monthly with a brief delay, and may be subject to revisions as additional data becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU10000005500000003A), retrieved from FRED.