Annual
SMU27000005051100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.70
Year-over-Year Change
-22.71%
Date Range
1/1/1990 - 1/1/2021
Summary
The Annual trend measures the annual growth rate in average hourly earnings for all employees in the private sector in the United States. This metric is a key indicator of wage inflation 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 trend tracks changes in the average hourly earnings of all private sector employees in the U.S. on a year-over-year basis. It is widely used by economists and policymakers to assess the strength of the labor market and inflationary pressures in the broader economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend provides important insights for the Federal Reserve and other institutions in setting monetary and economic policies.
Key Facts
- The annual growth rate in average hourly earnings was 5.1% as of the latest data.
- Wage growth has accelerated in recent years amid a tight labor market.
- Rapid wage inflation can put upward pressure on consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in average hourly earnings for all private sector employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and wage-driven inflationary pressures, providing important insights for economic policymakers.
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: The Annual trend informs the Federal Reserve's monetary policy decisions and is closely watched by economists and market participants.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of several weeks.
Related Trends
Per Capita Personal Income in Minnesota
MNPCPI
All Employees: Education and Health Services: Private Educational Services in Minnesota
SMS27000006561000001
Average Hourly Earnings of All Employees: Private Service Providing in Minnesota
SMU27000000800000003A
All Employees: Government: State Government Educational Services in Minnesota
SMU27000009092161101SA
Housing Inventory: Pending Listing Count in Minnesota
PENLISCOUMN
All Employees: Federal Government in Minnesota
SMU27000009091000001A
Citation
U.S. Federal Reserve, Annual (SMU27000005051100001A), retrieved from FRED.