All Employees: Information in Oregon
Monthly, Seasonally Adjusted
SMU41000005000000001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.18
Year-over-Year Change
3.03%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures average hourly earnings for all employees on private nonfarm payrolls in the United States. It is a key indicator of labor market conditions and inflationary pressures.
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 Average Hourly Earnings series tracks changes in the average hourly wage paid to U.S. workers in the private sector. It is widely used by economists and policymakers to assess the strength of the labor market and gauge potential inflationary risks.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses.
Historical Context
Policymakers at the Federal Reserve closely monitor this metric when setting monetary policy.
Key Facts
- Average hourly earnings have risen by over 50% since 2000.
- The series has shown steady year-over-year growth since the Great Recession.
- Wage growth is a key factor the Federal Reserve considers when adjusting interest rates.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly wage paid to private sector workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: Average hourly earnings is a critical indicator of labor market strength and inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics (CES) survey of businesses.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this metric when setting monetary policy to achieve its goals of maximum employment and price stability.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Average Hourly Earnings (SMU41000005000000001SA), retrieved from FRED.