All Employees: Goods Producing in Montana
Annual, Not Seasonally Adjusted
SMU30000000600000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.30
Year-over-Year Change
30.34%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures annual, not seasonally adjusted average hourly earnings for all employees in the private sector across the United States. It provides important insights into trends in compensation and the broader 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 series tracks changes in average hourly earnings over time, offering a high-level view of wage growth and inflationary pressures within the U.S. economy. Policymakers and analysts closely monitor this data to inform decisions around monetary policy, fiscal policy, and employment trends.
Methodology
The data is collected through monthly surveys of private sector employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in annual, non-seasonally adjusted average hourly earnings are a key input for economic forecasting and policy decisions.
Key Facts
- Measures average hourly earnings for all private sector employees
- Data is reported annually, without seasonal adjustments
- Provides insights into broader compensation and inflation trends
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all employees in the private sector across the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in annual, non-seasonally adjusted average hourly earnings are a key input for economic forecasting and policy decisions, offering insights into wage growth and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private sector employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this data to inform decisions around monetary policy, fiscal policy, and employment trends.
Q: Are there update delays or limitations?
A: The data is reported annually, without seasonal adjustments, which may limit its timeliness for some applications.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU30000000600000001A), retrieved from FRED.