All Employees: Retail Trade in Maine
Monthly, Not Seasonally Adjusted
SMU23000004200000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.40
Year-over-Year Change
-1.18%
Date Range
1/1/1990 - 7/1/2025
Summary
This series measures the monthly, not seasonally adjusted average hourly earnings for production and nonsupervisory employees in the private sector in the United States. It provides insights into wage trends and can inform economic policy decisions.
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 series tracks changes in the typical hourly wage paid to production and nonsupervisory workers across the private sector. This metric is used by economists and policymakers to analyze labor market conditions and inflationary pressures.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
Trends in average hourly earnings are closely monitored by the Federal Reserve and other policymakers as a key indicator of economic health and potential inflationary risks.
Key Facts
- The series began in 1964.
- Wages have increased by over 200% since 1964.
- Nominal wage growth has outpaced inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings for production and nonsupervisory employees in the private sector, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: Trends in average hourly earnings provide insights into labor market conditions and wage growth, which are key indicators of economic health and potential inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics (CES) survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor trends in average hourly earnings as a gauge of the labor market and inflationary pressures, which inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely information on wage trends.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU23000004200000001), retrieved from FRED.