All Employees: Retail Trade in Nebraska
Monthly, Not Seasonally Adjusted
SMU31000004200000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.90
Year-over-Year Change
-0.48%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures monthly average hourly earnings for production and nonsupervisory employees in the private sector, not seasonally adjusted. It provides insights into wage growth and worker compensation.
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 monthly average hourly earnings series represents the average hourly wage paid to production and nonsupervisory workers in the private sector of the U.S. economy. It is a key indicator of labor market conditions and worker purchasing power.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of nonfarm business establishments.
Historical Context
This wage data is closely watched by economists, policymakers, and market analysts to gauge inflationary pressures and the overall health of the labor market.
Key Facts
- Wages grew by 5.1% year-over-year in the latest report.
- The series dates back to 1964 and is released monthly.
- Wage growth is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to production and nonsupervisory workers in the private sector of the U.S. economy on a monthly basis, not seasonally adjusted.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a crucial indicator of labor market conditions, worker purchasing power, and potential 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 monthly Current Employment Statistics (CES) survey of nonfarm business establishments.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors wage growth data as it is a key input for monetary policy decisions aimed at maintaining price stability and maximum employment.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of about one month from the reference period.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU31000004200000001), retrieved from FRED.