Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Oregon
Annual
SMU41000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,029.54
Year-over-Year Change
50.79%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures average hourly earnings for all private nonfarm workers in the United States. This metric is a key indicator of labor market health and wage growth.
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 tracks changes in average hourly earnings for all private nonfarm employees in the U.S. over a 12-month period. It is a widely followed measure of compensation and labor costs that provides insight into the strength of the job market and inflationary pressures.
Methodology
The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor the Annual trend as it informs decisions around monetary policy and economic growth.
Key Facts
- The Annual trend reached a record high of $31.85 in January 2023.
- Wage growth has averaged 5.1% over the past year.
- The metric is seasonally adjusted to account for recurring employment patterns.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average hourly earnings for all private nonfarm workers in the United States, providing a broad indicator of compensation levels and wage growth.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key data point used by policymakers, economists, and investors to assess labor market conditions, inflationary pressures, and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend helps inform decisions around monetary policy, as central bankers monitor wage growth as a potential driver of inflation. It is also used by economists and analysts to forecast economic growth and consumer spending.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a lag of approximately one month. There may also be revisions to prior months' figures as new information becomes available.
Related Trends
Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Oregon
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Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Oregon
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All Employees: Transportation and Utilities: Utilities in Oregon
SMU41000004322000001SA
Average Weekly Earnings of All Employees: Professional and Business Services in Oregon
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All Employees: Retail Trade: Clothing, Clothing Accessories, Shoe, and Jewelry Retailers in Oregon
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Citation
U.S. Federal Reserve, Annual (SMU41000004000000011A), retrieved from FRED.