All Employees: Financial Activities in Oregon
Annual, Not Seasonally Adjusted
SMU41000005500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.40
Year-over-Year Change
11.80%
Date Range
1/1/1990 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted average hourly earnings for private nonfarm payroll employees in the United States. It provides insights into trends in worker compensation 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 average hourly earnings series tracks changes in the average hourly wage paid to private nonfarm employees in the U.S. This metric is used by economists and policymakers to analyze the overall health of the labor market and inflationary pressures.
Methodology
The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This wage trend is closely monitored by the Federal Reserve and other policymakers as an indicator of labor market tightness and potential inflationary risks.
Key Facts
- Annual wages grew by 5.1% in 2022.
- The series began in 1964.
- Wages in the private sector are a key input for Fed policy decisions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly wage paid to 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: The annual wage trend provides important insights into labor market conditions and inflationary pressures, making it a closely watched metric by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor this wage trend as an indicator of labor market tightness and potential inflationary risks, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The annual wage data is released with a lag, and may be subject to revisions as more complete information becomes available.
Related Trends
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Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Oregon
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All Employees: Retail Trade: Food and Beverage Stores in Oregon
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Industrial Carbon Dioxide Emissions, Petroleum for Oregon
EMISSCO2TOTVICPEORA
Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Oregon
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Real Gross Domestic Product: Chemical Manufacturing (325) in Oregon
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU41000005500000001A), retrieved from FRED.