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Monthly, Not Seasonally Adjusted
SMU18000007072259001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.80
Year-over-Year Change
0.40%
Date Range
1/1/1990 - 7/1/2025
Summary
This monthly, not seasonally adjusted series measures average hourly earnings of production and nonsupervisory employees in the private sector in the Houston-The Woodlands-Sugar Land, TX metropolitan area. It provides insights into wage growth and local 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
The Monthly, Not Seasonally Adjusted series tracks changes in average hourly earnings for production and nonsupervisory workers in the Houston metropolitan area. This metric is used by economists and policymakers to assess the strength of the local labor market and inform decisions around employment, inflation, and economic growth.
Methodology
The data is collected through surveys of private sector establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding regional economic conditions and informing policy decisions at the local and national level.
Key Facts
- The Houston metropolitan area has the second-largest economy in Texas.
- Wages in the Houston region have grown steadily over the past decade.
- The not seasonally adjusted data accounts for typical seasonal variations in employment.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings of production and nonsupervisory employees in the private sector in the Houston-The Woodlands-Sugar Land, TX metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into wage growth and labor market conditions in the Houston region, which is critical for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the strength of the local labor market and inform decisions around employment, inflation, and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with typical delays of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU18000007072259001), retrieved from FRED.