All Employees: Goods Producing in North Carolina
Annual
SMU37000000600000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
742.50
Year-over-Year Change
20.15%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the average hourly earnings of all employees in the private sector in the United States. This key economic indicator provides 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 Annual trend represents the average hourly wage rate for private sector workers in the U.S. economy. It is a widely used metric for analyzing employment and income dynamics, and it informs policymakers and economists about the overall health of the labor market.
Methodology
The data is collected through surveys of private sector establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is closely monitored by the Federal Reserve and other policymakers to gauge inflationary pressures and guide monetary policy decisions.
Key Facts
- The Annual trend reached a record high of $31.85 in June 2022.
- Wage growth has outpaced inflation in recent months, providing real income gains for workers.
- The Annual metric is a leading indicator of consumer spending and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average hourly earnings of all employees in the private sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of wage growth and labor market conditions, which are crucial for understanding inflation, consumer spending, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by the Federal Reserve and other policymakers to gauge inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a short delay, providing timely insights into the state of the labor market.
Related Trends
Chain-Type Quantity Index for Real GDP: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in North Carolina
NCPRFRMSPRTMSMQGSP
Real Gross Domestic Product: Private Industries in North Carolina
NCPIRGSP
All Employees: Professional and Business Services: Services to Buildings and Dwellings in North Carolina
SMU37000006056170001
Number of Identified Exporters to Chile from North Carolina
NCCHLA475SCEN
Chain-Type Quantity Index for Real GDP: Educational Services (61) in North Carolina
NCEDCATQQGSP
Home Vacancy Rate for North Carolina
NCHVAC
Citation
U.S. Federal Reserve, Annual (SMU37000000600000001A), retrieved from FRED.