Monthly, Seasonally Adjusted
SMU22000004245200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.05
Year-over-Year Change
-3.38%
Date Range
1/1/1990 - 12/1/2022
Summary
The Monthly, Seasonally Adjusted trend measures average hourly earnings for all employees in the private sector in the Nonfarm business sector in the United States. This data provides insights into labor market conditions 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, Seasonally Adjusted trend represents the average hourly wage rate for all private nonfarm employees in the U.S. It is a key economic indicator used by policymakers, analysts, and economists to assess labor market dynamics and gauge inflationary trends in the broader economy.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
The monthly wage trend is closely monitored by the Federal Reserve and other policymakers to inform monetary policy decisions.
Key Facts
- The data is released monthly by the U.S. Bureau of Labor Statistics.
- Wages have increased by 5.2% over the past year as of the latest reading.
- This metric helps gauge the pace of inflation in the broader economy.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted trend measures the average hourly wage rate for all private nonfarm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This wage trend is a key economic indicator used to assess labor market conditions and inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: The monthly wage trend is closely monitored by the Federal Reserve and other policymakers to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short lag time, providing timely insights into labor market conditions.
Related Trends
Gross Domestic Product: Accommodation and Food Services (72) in Louisiana
LAACCFDNGSP
All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Louisiana
SMS22000006054000001
Housing Inventory: Median Listing Price Month-Over-Month in Louisiana
MEDLISPRIMMLA
State Government Tax Collections, Death and Gift Taxes in Louisiana
LADTHGFTAX
All Employees: Education and Health Services: Nursing and Residential Care Facilities in Louisiana
SMU22000006562300001SA
Value of Exports to Greece from Louisiana
LAGRCA052SCEN
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU22000004245200001SA), retrieved from FRED.