All Employees: Construction: Specialty Trade Contractors in Hawaii
Annual, Not Seasonally Adjusted
SMU15000002023800001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.10
Year-over-Year Change
25.60%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures average hourly earnings for manufacturing production and nonsupervisory employees in the United States. This metric is a key indicator of wage trends and labor market conditions.
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
This series provides a detailed look at wage growth among manufacturing workers, a bellwether sector for the broader economy. Economists and policymakers closely monitor this data to assess inflationary pressures and the strength of consumer demand.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is widely used to inform monetary and fiscal policy decisions.
Key Facts
- The series began in 1939.
- It covers production and nonsupervisory employees in the manufacturing sector.
- Data is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures average hourly earnings for manufacturing production and nonsupervisory employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of wage trends and labor market conditions, providing insights into inflationary pressures and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is widely used to inform monetary and fiscal policy decisions by the Federal Reserve and other policymakers.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU15000002023800001A), retrieved from FRED.