All Employees: Retail Trade in Ohio
Annual, Not Seasonally Adjusted
SMU39000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
541.10
Year-over-Year Change
-3.55%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for all employees in the private nonfarm sector in the United States. It provides insights into changes in worker compensation and productivity.
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 metric tracks the average pay for private sector workers on an annual basis without adjusting for seasonal fluctuations. It is a key indicator of labor market conditions and inflationary pressures.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the overall health of the U.S. economy.
Key Facts
- The annual, not seasonally adjusted average hourly earnings reached a high of $32.27 in December 2022.
- This metric has increased by over 4% annually since the COVID-19 pandemic began in 2020.
- The trend is considered an important indicator of inflationary pressures and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all employees in the private nonfarm sector in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into changes in worker compensation and productivity, which are key indicators of labor market conditions and inflationary pressures.
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: This trend is closely monitored by policymakers, economists, and market analysts to assess the overall health of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag, and the annual, not seasonally adjusted figure is updated annually.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU39000004200000001A), retrieved from FRED.