Average Hourly Earnings of Production Employees: Manufacturing in South Carolina
Annual
SMU45000003000000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.83
Year-over-Year Change
51.85%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual series measures the number of years since the start of the current employment cycle. It provides insight into the duration and pace of economic expansions and contractions.
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 series tracks the number of years since the beginning of the current employment cycle. It is an important indicator for economists and policymakers to assess the maturity and sustainability of economic growth periods.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on its employment surveys.
Historical Context
The Annual series is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The average employment cycle lasts around 5-7 years.
- The current employment cycle began in 2009 after the Great Recession.
- Cycle duration is a key factor in assessing economic stability and growth potential.
FAQs
Q: What does the Annual series measure?
A: The Annual series tracks the number of years since the start of the current employment cycle, providing insight into the duration and maturity of economic expansions and contractions.
Q: Why is the Annual series relevant for users or analysts?
A: The Annual series is an important indicator for economists and policymakers to assess the sustainability of economic growth and inform decisions around monetary policy.
Q: How is the Annual data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on its employment surveys.
Q: How is the Annual trend used in economic policy?
A: The Annual series is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions about the current state of the business cycle.
Q: Are there update delays or limitations?
A: The Annual series is updated monthly by the Bureau of Labor Statistics and is a timely indicator of employment cycle dynamics.
Related Trends
Gross Domestic Product: Natural Resources and Mining (11, 21) in South Carolina
SCNATRESMINNGSP
Rental Vacancy Rate for South Carolina
SCRVAC
Housing Inventory: Price Increased Count Year-Over-Year in South Carolina
PRIINCCOUYYSC
Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in South Carolina
SMU45000004000000002
Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in South Carolina
SCRERENTLEAQGSP
Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in South Carolina
SCFRBCIRGSP
Citation
U.S. Federal Reserve, Annual (SMU45000003000000008A), retrieved from FRED.