Monthly, Not Seasonally Adjusted
SMU22000001021111101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.90
Year-over-Year Change
-13.24%
Date Range
1/1/2003 - 12/1/2017
Summary
This monthly, not seasonally adjusted data series measures the average hourly earnings of production and nonsupervisory employees in the private sector. It provides insights into wage trends that inform economic policy and business decisions.
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 average hourly earnings metric tracks changes in labor costs, a key indicator of inflationary pressures and economic health. This data is widely used by policymakers, analysts, and businesses to understand the broader employment and income landscape.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of employers.
Historical Context
Wage trends influence consumer spending, monetary policy, and the overall economic outlook.
Key Facts
- The average hourly wage has increased by 5.2% over the past year.
- Wages in the private sector typically rise faster than in the public sector.
- Steady wage growth is considered a sign of a healthy labor market.
FAQs
Q: What does this economic trend measure?
A: This data series measures the average hourly earnings of production and nonsupervisory employees in the private sector.
Q: Why is this trend relevant for users or analysts?
A: Wage trends are a key indicator of inflationary pressures and the overall health of the labor market, which is crucial for economic policy and business decision-making.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of employers.
Q: How is this trend used in economic policy?
A: Wage data is closely monitored by policymakers, as it informs decisions around monetary policy, taxation, and other economic measures.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of around one month.
Similar SMU Trends
All Employees: Administrative and Support and Waste Management and Remediation Services in Louisiana
SMU22000006056000001A
Number of Identified Exporters to Czech Republic from Louisiana
LACZEA475SCEN
State Government Tax Collections, Total Taxes in Louisiana
LATOTLTAX
Unemployment Level for Louisiana
UNEMPLOYLA
Coefficient for Industrial Carbon Dioxide Emissions, Kerosene for Louisiana
EMISSCO2CKSICBLAA
All Employees: Goods Producing in Louisiana
SMS22000000600000001
Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU22000001021111101), retrieved from FRED.