Average Hourly Earnings of Production Employees: Manufacturing in Rhode Island
Monthly
SMU44000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.69
Year-over-Year Change
-2.50%
Date Range
1/1/2001 - 7/1/2025
Summary
The Monthly trend measures the total nonfarm employment for the United States. It is a key economic indicator used by policymakers and analysts to assess the overall health of the 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 Monthly trend represents the total number of nonfarm payroll employees, which includes workers in both the public and private sectors. It is one of the most closely watched economic indicators and provides insights into the strength and direction of the U.S. economy.
Methodology
The data is collected through a monthly survey of establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Monthly trend is used by the Federal Reserve, economists, and market participants to evaluate economic growth, inform policy decisions, and assess employment conditions.
Key Facts
- The Monthly trend is released on the first Friday of each month.
- Nonfarm payroll employment includes workers in private industry and government.
- The data is seasonally adjusted to account for regular fluctuations in employment.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the total number of nonfarm payroll employees in the United States, providing a broad assessment of the overall labor market.
Q: Why is this trend relevant for users or analysts?
A: The Monthly trend is a crucial economic indicator used by policymakers, economists, and market participants to evaluate the strength of the U.S. economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Monthly trend is used by the Federal Reserve and other policymakers to assess the state of the labor market and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Monthly trend is released on the first Friday of each month, with a lag of approximately one month from the reference period.
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Citation
U.S. Federal Reserve, Monthly (SMU44000003000000008), retrieved from FRED.