Average Hourly Earnings of All Employees: Financial Activities in Oregon
Annual
SMU41000005500000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.90
Year-over-Year Change
60.74%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of monthly employment figures for manufacturing production and nonsupervisory employees in the United States. This metric provides important insights into the overall health and dynamics of the American labor market.
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 represents the average of 12 consecutive monthly employment readings for the manufacturing sector, a key indicator of broader economic conditions. Economists and policymakers closely monitor this data to assess employment trends, identify potential labor shortages or surpluses, and inform decisions related to monetary and fiscal policy.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a crucial input for the Federal Reserve and other institutions when evaluating the state of the economy and making policy decisions.
Key Facts
- The Annual trend averaged 11.9 million workers in 2022.
- Manufacturing employment has declined by 29% since its peak in 1979.
- The Annual metric reached its lowest point of 10.5 million in 2010 during the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual employment for production and nonsupervisory workers in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the health and dynamics of the American labor market, which is a key driver of overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is a crucial input for the Federal Reserve and other institutions when evaluating the state of the economy and making policy decisions.
Q: Are there update delays or limitations?
A: The Annual data is released with a one-month lag and may be subject to minor revisions over time.
Related Trends
Value of Exports to Canada from Oregon
ORCANA052SCEN
Real Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in Oregon
ORFOODBEVTOBMANRGSP
Employment Level for Oregon
EMPLOYOR
All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Oregon
SMU41000006054130001
Monthly State Retail Sales: Total Retail Sales Excluding Nonstore Retailers in Oregon
MSRSORTOTAL
All Employees: Construction: Other Specialty Trade Contractors in Oregon
SMU41000002023890001SA
Citation
U.S. Federal Reserve, Annual (SMU41000005500000003A), retrieved from FRED.