Average Hourly Earnings of All Employees: Manufacturing in Massachusetts
Monthly
SMU25000003000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.06
Year-over-Year Change
2.55%
Date Range
1/1/2007 - 7/1/2025
Summary
The Monthly trend measures the change in total private nonfarm employment in the United States on a monthly basis. This metric is a key indicator of the overall health and stability of the U.S. 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 Monthly trend represents the total number of people employed in the private, non-governmental sector of the U.S. economy. It is a widely followed economic indicator used by policymakers, analysts, and investors to assess the strength of the job market and gauge the broader direction of the economy.
Methodology
The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in the Monthly trend often prompt analysis and response from the Federal Reserve and other economic policymakers.
Key Facts
- The Monthly trend has been published by the BLS since 1939.
- The U.S. added over 260,000 private sector jobs in March 2023.
- The all-time high for the Monthly trend was reached in February 2020.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the change in total private nonfarm employment in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The Monthly trend is a widely followed economic indicator used to assess the strength of the U.S. labor market and gauge the broader direction of the economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in the Monthly trend often prompt analysis and response from the Federal Reserve and other economic policymakers.
Q: Are there update delays or limitations?
A: The Monthly trend is published on a monthly basis with minimal delay by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Monthly (SMU25000003000000003), retrieved from FRED.