Average Hourly Earnings of All Employees: Private Service Providing in Louisiana
Annual
SMU22000000800000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.27
Year-over-Year Change
34.20%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Trend measures the year-over-year change in average hourly earnings for all private employees in the United States. It is a key economic indicator for monitoring labor market conditions and wage growth.
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 the annual percentage change in average hourly earnings, providing insight into the pace of wage inflation. It is a widely watched metric that informs economic analysis and policy decisions related to employment, consumer spending, and monetary policy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of businesses and government agencies.
Historical Context
The Annual Trend is used by policymakers, analysts, and investors to assess the health of the labor market and broader economic conditions.
Key Facts
- The Annual Trend reached a high of 5.5% in 2022.
- Wage growth has outpaced inflation in recent years.
- Sustained high wage growth can contribute to broader inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the year-over-year change in average hourly earnings for all private employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of labor market conditions and wage inflation, providing important insights for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Annual Trend is used by policymakers, analysts, and investors to assess the health of the labor market and broader economic conditions, informing decisions related to employment, consumer spending, and monetary policy.
Q: Are there update delays or limitations?
A: The Annual Trend data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU22000000800000003A), retrieved from FRED.