All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Oregon
Annual
SMU41000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.30
Year-over-Year Change
31.02%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures changes in average hourly wages for all employees on private nonfarm payrolls in the United States. This metric 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 Annual trend, formally known as Average Hourly Earnings of All Employees on Private Nonfarm Payrolls, tracks the average hourly wage paid to workers across the U.S. private sector. It is a widely followed measure of wage growth and a component of the Employment Cost Index.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly poll of business establishments.
Historical Context
Policymakers and economists closely monitor wage trends to assess the broader state of the labor market and guide monetary and fiscal policy decisions.
Key Facts
- Wages rose 5.5% over the 12 months ending in December 2022.
- The annual wage growth rate peaked at 5.6% in March 2022.
- Wages have outpaced inflation in recent months.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average hourly wage for all employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a key indicator of labor market conditions and inflationary pressures, making the Annual trend an important metric for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics (CES) survey of business establishments.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor wage growth to assess the overall state of the labor market and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Annual data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU41000007071000001A), retrieved from FRED.