All Employees: Manufacturing in Ohio
Annual, Not Seasonally Adjusted
SMU39000003000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
683.80
Year-over-Year Change
4.06%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for all private nonfarm employees in the United States. It provides insight into the overall health and wage growth of the U.S. 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 average hourly earnings series tracks the average hourly wage paid to private sector workers across the country. It is a widely followed indicator of broader employment and economic conditions, as wage growth reflects the balance of supply and demand for labor.
Methodology
The data is collected through monthly surveys of a sample of U.S. businesses and establishments.
Historical Context
Policymakers and economists monitor this trend to assess inflationary pressures and the strength of the labor market.
Key Facts
- The series began in 1964.
- Wages grew 5.1% year-over-year as of the latest data.
- The all-time high was $31.85 set in January 2023.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all private nonfarm employees in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This wage growth indicator provides insights into the overall strength and inflationary pressures in the U.S. labor market, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a sample of U.S. businesses and establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess labor market conditions and potential inflationary pressures, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
Related Trends
All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Ohio
SMU39000006054130001
Housing Inventory: Price Reduced Count Year-Over-Year in Ohio
PRIREDCOUYYOH
Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Ohio
OHSAMINQGSP
Average Weekly Earnings of All Employees: Manufacturing in Ohio
SMU39000003000000011
All Employees: Manufacturing: Durable Goods in Ohio
SMU39000003100000001A
Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Ohio
OHPCEPCGAS
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU39000003000000001A), retrieved from FRED.