Average Hourly Earnings of All Employees: Manufacturing in Rhode Island
Annual
SMU44000003000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.52
Year-over-Year Change
40.31%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of monthly employment levels for all employees in the private sector. It provides a high-level overview of U.S. employment patterns and is a key economic indicator monitored by policymakers.
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 employment level across all private sector industries and occupations in the United States over a 12-month period. It is a commonly referenced metric for analyzing labor market trends and the overall health of the economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by the Federal Reserve, the White House, and other policymakers to inform decisions on monetary and fiscal policy.
Key Facts
- Annual employment has increased by 1.5% on average over the past 5 years.
- The private sector accounts for approximately 85% of total U.S. employment.
- Annual data is released with a 1-month lag compared to monthly employment figures.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average level of employment across all private sector industries in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of labor market health and overall economic performance, making it essential for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Annual data is released with a 1-month lag compared to monthly employment figures, but it provides a broader perspective on long-term labor market trends.
Related Trends
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Civilian Labor Force in Rhode Island
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Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Rhode Island
RITRANSUTILQGSP
Other Labor Income in Rhode Island
RIOOTH
Average Weekly Earnings of All Employees: Goods Producing in Rhode Island
SMU44000000600000011A
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MHIRI44000A052NCEN
Citation
U.S. Federal Reserve, Annual (SMU44000003000000003A), retrieved from FRED.