All Employees: Education and Health Services: Private Colleges, Universities, and Professional Schools in Indiana
Seasonally Adjusted
SMU18000006561130001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.47
Year-over-Year Change
-3.69%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures the monthly average hourly earnings of production and nonsupervisory employees in the manufacturing sector, adjusted for seasonal variations. This metric provides important insights into labor market trends 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 Seasonally Adjusted series is a widely used economic indicator that tracks changes in manufacturing worker compensation over time. It is a key input for policymakers and economists in assessing the health of the labor market and broader economy.
Methodology
The data is collected through surveys of establishments and adjusted to remove seasonal fluctuations.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to gauge inflationary risks and guide monetary policy decisions.
Key Facts
- Manufacturing wages account for over 12% of total U.S. employee compensation.
- Hourly earnings have risen by 3.2% on average over the past 5 years.
- Seasonal adjustments help isolate underlying wage trends from transitory factors.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series tracks the monthly average hourly earnings of production and nonsupervisory employees in the U.S. manufacturing sector, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor market conditions and inflationary pressures, which are closely monitored by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and adjusted to remove seasonal fluctuations.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this metric to assess the health of the labor market and guide monetary policy decisions that impact employment, inflation, and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of several weeks. As with any survey-based metric, the Seasonally Adjusted series may be subject to revisions and sampling error.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU18000006561130001SA), retrieved from FRED.