All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Nebraska
Annual
SMU31000004142300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.60
Year-over-Year Change
9.18%
Date Range
1/1/1990 - 1/1/2024
Summary
This series measures the annual average of hourly earnings for all employees in the private nonfarm sector of the economy. It is a key indicator of labor market conditions and worker compensation trends.
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 Average Hourly Earnings series provides a broad measure of changes in private sector wages over time. It is used by economists, policymakers, and analysts to assess labor market dynamics and inflationary pressures in the economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This wage trend is closely monitored by the Federal Reserve and other institutions when evaluating the overall state of the economy and making policy decisions.
Key Facts
- Private sector hourly earnings averaged $31.58 in 2022.
- Wage growth has outpaced inflation in recent years.
- Wages are a key driver of consumer spending and inflation.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings of all employees in the private nonfarm sector of the U.S. economy on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Wage trends are a crucial indicator of labor market conditions and inflationary pressures, making this data highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this wage trend when evaluating the overall state of the economy and making monetary policy decisions.
Q: Are there update delays or limitations?
A: The annual data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual Average Hourly Earnings (SMU31000004142300001A), retrieved from FRED.