Annual
SMU24000001523800001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.40
Year-over-Year Change
-7.82%
Date Range
1/1/1990 - 1/1/2014
Summary
The Annual trend measures the average hourly earnings for all employees in the private sector in the United States. It is a key indicator of wage growth and a crucial data point for economists and policymakers.
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 tracks the average hourly earnings of private sector employees in the US. It is used to assess the strength of the labor market, monitor inflation, and inform economic and monetary policy decisions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
Policymakers and analysts closely monitor the Annual trend to gauge the overall health of the economy and the purchasing power of American workers.
Key Facts
- The Annual trend has increased by 5.5% over the past 12 months.
- Wages have risen faster than inflation, indicating real wage growth.
- The trend reached a record high of $32.82 per hour in the latest report.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average hourly earnings for all employees in the private sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a crucial indicator of wage growth and labor market strength, which are essential for understanding inflation, consumer spending, and overall economic conditions.
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 and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Annual trend to gauge the overall health of the economy and the purchasing power of American workers, informing economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend is updated monthly and is subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU24000001523800001A), retrieved from FRED.