Average Weekly Earnings of All Employees: Manufacturing in Louisiana
Annual
SMU22000003000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,504.27
Year-over-Year Change
38.64%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average hourly earnings of all employees in the nonfarm private sector in the United States. It serves as a key indicator of labor market conditions and wage inflation.
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 provides a broad measure of the level and rate of change in nominal wages for the overall U.S. economy. It is closely watched by economists, policymakers, and market analysts to assess the strength of the labor market and inflationary pressures.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in the Annual trend can influence Federal Reserve monetary policy decisions and impact consumer spending and business investment.
Key Facts
- The Annual trend reached an all-time high of $31.85 in April 2023.
- The average annual growth rate in the Annual trend was 4.2% over the past decade.
- The Annual trend is a component of the Employment Cost Index, a broader measure of labor costs.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average hourly earnings of all employees in the nonfarm private sector 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, which is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in the Annual trend can influence Federal Reserve monetary policy decisions and impact consumer spending and business investment.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical lag of one month.
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Citation
U.S. Federal Reserve, Annual (SMU22000003000000011A), retrieved from FRED.