All Employees: Education and Health Services: Child Care Services in Massachusetts
Not Seasonally Adjusted
SMU25000006562440001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.10
Year-over-Year Change
8.81%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'Not Seasonally Adjusted' series measures the hourly earnings of production and nonsupervisory employees on private nonfarm payrolls. It provides insights into wage trends in the U.S. economy.
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
This data series tracks changes in the average hourly earnings of production and nonsupervisory workers across major industries. It is a key economic indicator used to analyze labor market conditions and inflationary pressures.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this metric to understand the strength of consumer demand and gauge potential inflationary risks.
Key Facts
- Covers production and nonsupervisory workers on private nonfarm payrolls.
- Hourly earnings represent total wages divided by total hours worked.
- Data is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly earnings of production and nonsupervisory employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth and labor market conditions, which are key factors in understanding consumer demand and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this series to assess the strength of the labor market and potential inflationary risks, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The 'Not Seasonally Adjusted' series is published monthly with a short lag, providing timely insights into the latest wage trends.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (SMU25000006562440001), retrieved from FRED.