All Employees: Leisure and Hospitality in Maryland
Annual, Not Seasonally Adjusted
SMU24000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
269.50
Year-over-Year Change
10.18%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average weekly earnings for all employees in the private sector in the United States. It provides important insights into national wage growth and labor market conditions.
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, Not Seasonally Adjusted series tracks the average weekly earnings for all private sector employees on an annual basis, without adjusting for seasonal variations. This metric is a key indicator of the purchasing power and living standards of American workers.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the overall health of the labor market and make informed decisions about fiscal and monetary policies.
Key Facts
- The annual average weekly earnings reached a record high of $1,149 in 2022.
- Wages have grown by over 5% annually since 2021 as the labor market tightened.
- The trend is a key input for the Federal Reserve's policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average weekly earnings for all employees in the private sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into national wage growth and labor market conditions, which are crucial for policymakers and economists to assess the overall health of the economy.
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: Policymakers and economists use this trend to make informed decisions about fiscal and monetary policies, as it is a key indicator of the purchasing power and living standards of American workers.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of a few weeks, and it does not take into account seasonal variations in earnings.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU24000007000000001A), retrieved from FRED.