Monthly, Not Seasonally Adjusted
SMU22000004244700001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.10
Year-over-Year Change
-2.05%
Date Range
1/1/2003 - 12/1/2022
Summary
This series measures the monthly, not seasonally adjusted value of average hourly earnings for all private nonfarm employees in the San Francisco-Oakland-Fremont, CA metropolitan area. It is a key economic indicator used to monitor local wage trends and inflationary pressures.
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 monthly, not seasonally adjusted average hourly earnings data provides insights into the underlying wage dynamics of the San Francisco-Oakland-Fremont labor market. It is used by economists, policymakers, and businesses to understand local cost-of-living changes and make informed decisions.
Methodology
The data is collected through surveys of private nonfarm establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This wage trend data is closely watched by the Federal Reserve and other economic institutions to assess regional economic conditions and employment trends.
Key Facts
- The data is released monthly by the U.S. Bureau of Labor Statistics.
- San Francisco-Oakland-Fremont is one of the highest cost-of-living metro areas in the U.S.
- Wage growth is a key indicator of local economic strength and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly, not seasonally adjusted average hourly earnings for all private nonfarm employees in the San Francisco-Oakland-Fremont, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This wage data provides important insights into the local cost-of-living and labor market dynamics in the San Francisco region, which is crucial information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private nonfarm establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This wage trend data is closely monitored by the Federal Reserve and other economic institutions to assess regional economic conditions and employment trends, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays, providing timely information on the San Francisco labor market.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU22000004244700001), retrieved from FRED.