All Employees: Education and Health Services: Health Care and Social Assistance in Minnesota
Not Seasonally Adjusted
SMU27000006562000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
544.60
Year-over-Year Change
5.18%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the not seasonally adjusted hourly earnings for production and nonsupervisory employees in the private sector in the U.S. It provides important insights into 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 not seasonally adjusted hourly earnings series represents the average hourly wage rate for production and nonsupervisory employees across all private industries. It is a key indicator used by economists and policymakers to gauge the strength of the labor market and inflationary pressures.
Methodology
The data is collected through surveys of U.S. businesses and establishments.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic analysts to inform monetary policy decisions.
Key Facts
- Hourly earnings increased by 5.2% over the past year.
- Wage growth has outpaced inflation in recent months.
- The not seasonally adjusted series is more volatile than the seasonally adjusted version.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage rate for production and nonsupervisory employees across all private industries in the U.S., without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the strength of the labor market and inflationary pressures, which are key factors considered by the Federal Reserve and other policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and establishments.
Q: How is this trend used in economic policy?
A: The not seasonally adjusted hourly earnings trend is closely monitored by the Federal Reserve and other economic analysts to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (SMU27000006562000001), retrieved from FRED.