All Employees: Manufacturing in Louisiana
Annual, Not Seasonally Adjusted
SMU22000003000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.00
Year-over-Year Change
-0.91%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted series measures changes in the average hourly earnings of all employees in the private sector in the United States. It provides insights into broader trends in labor compensation and costs.
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, not seasonally adjusted average hourly earnings series tracks the changes in the average hourly pay received by private sector workers in the U.S. over time. This metric is closely monitored by economists and policymakers to assess the strength of the labor market and inflationary pressures.
Methodology
The data is collected through surveys of private sector employers by the U.S. Bureau of Labor Statistics.
Historical Context
This series is a key input for the Federal Reserve and other institutions in evaluating the overall health of the economy and guiding monetary policy decisions.
Key Facts
- The series has been tracked since 2006.
- Wage growth is a key driver of inflation.
- Policymakers monitor this metric to assess the labor market and economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings of all private sector employees in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into broader labor compensation and cost trends, which are critical for evaluating the overall health of the economy and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This series is a key input for the Federal Reserve and other institutions in assessing the labor market and inflationary pressures when making monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short lag, providing timely information on wage trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU22000003000000001A), retrieved from FRED.