Average Hourly Earnings of Production Employees: Manufacturing in Louisiana
Annual
SMU22000003000000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.49
Year-over-Year Change
44.35%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the average annual earnings for all employees in the U.S. This data is a key indicator of economic well-being and consumer purchasing power.
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 represents the average annual earnings, in dollars, of all workers in the United States. It is a widely used metric for analyzing income growth, consumption patterns, and the overall health of the labor market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses.
Historical Context
Policymakers and analysts use this trend to inform decisions around fiscal, monetary, and social policies.
Key Facts
- The average annual earnings in the U.S. reached a record high in 2022.
- Wage growth has outpaced inflation in recent years.
- Annual earnings vary significantly by industry and occupation.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual earnings for all employees in the United States, providing insight into income levels and labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic well-being and consumer purchasing power, making it highly relevant for policymakers, businesses, and analysts assessing the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual trend to inform decisions around fiscal, monetary, and social policies, as it provides insights into income growth, consumption patterns, and the overall health of the labor market.
Q: Are there update delays or limitations?
A: The Annual trend data is published with a short delay, typically a few months after the end of the reference year. While the data is generally comprehensive, it may not capture the full breadth of earnings across all industries and occupations.
Related Trends
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SMU22000001000000001A
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Citation
U.S. Federal Reserve, Annual (SMU22000003000000008A), retrieved from FRED.