All Employees: Professional and Business Services in Oregon
Annual
SMU41000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
260.50
Year-over-Year Change
28.52%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual rate of change in average hourly earnings for all employees on private nonfarm payrolls in the United States. This key economic indicator provides insight into 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 Annual trend represents the year-over-year percent change in average hourly earnings, a metric that tracks the growth in compensation for American workers. Economists and policymakers closely monitor this data to gauge the strength of the labor market and inflationary trends in the broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
Changes in average hourly earnings are a leading indicator used by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The annual rate of change in average hourly earnings was 5.1% as of the latest data.
- Wage growth has outpaced inflation in recent months, supporting consumer spending.
- Rapid wage growth can contribute to broader inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in average hourly earnings for all employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and inflationary pressures, making it a key indicator used by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Changes in average hourly earnings are a leading indicator used by the Federal Reserve and other institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend is published monthly with a relatively short lag, providing timely data on wage growth.
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Citation
U.S. Federal Reserve, Annual (SMU41000006000000001A), retrieved from FRED.