All Employees: Government in Maryland
Annual, Not Seasonally Adjusted
SMU24000009000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
545.80
Year-over-Year Change
8.51%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for all employees in the United States. It provides insights into wage growth and inflationary pressures in the labor market.
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 average hourly earnings metric tracks changes in the average hourly pay for workers across various industries in the U.S. This data point is widely used by economists and policymakers to assess the strength of the labor market and broader economic conditions.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions.
Key Facts
- The annual, not seasonally adjusted average hourly earnings reached $31.85 in 2022.
- Wage growth has outpaced inflation in recent years, signaling a tightening labor market.
- This metric helps policymakers assess the overall health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for all employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth and inflationary pressures in the labor market, which are key indicators of economic conditions and help inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU24000009000000001A), retrieved from FRED.