All Employees: Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers in Ohio
Annual, Not Seasonally Adjusted
SMU39000004142380001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.90
Year-over-Year Change
13.54%
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 Louisville-Jefferson County, KY-IN Metropolitan Statistical Area. It provides insight into local 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, Not Seasonally Adjusted series tracks changes in average hourly wages over time, offering economists and policymakers a view of how compensation is evolving in the Louisville metropolitan region. It is a key indicator of local economic health and purchasing power.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform decisions around monetary policy, workforce development, and regional economic strategies.
Key Facts
- Louisville's average hourly wage was $27.51 in 2022.
- Wages grew 3.2% annually in the Louisville metro area.
- Manufacturing is a key industry driving wage trends in the region.
FAQs
Q: What does this economic trend measure?
A: This metric tracks annual, not seasonally adjusted average hourly earnings for all employees in the Louisville-Jefferson County, KY-IN Metropolitan Statistical Area.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into local wage growth and labor market conditions, which are key indicators of economic health and purchasing power in the Louisville region.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions around monetary policy, workforce development, and regional economic strategies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the not seasonally adjusted nature means the trend can fluctuate more than some other wage metrics.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU39000004142380001A), retrieved from FRED.