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Monthly, Seasonally Adjusted
SMU45000007071300001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.86
Year-over-Year Change
8.60%
Date Range
1/1/2003 - 7/1/2025
Summary
The Monthly, Seasonally Adjusted series measures the average hourly earnings of production and nonsupervisory employees in the state of Texas. This metric is a key indicator of labor market conditions and wage growth in the region.
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, Seasonally Adjusted series tracks the average hourly earnings of production and nonsupervisory employees in Texas on a monthly basis. This statistic is used by economists and policymakers to assess employment dynamics, labor costs, and inflationary pressures in the state's economy.
Methodology
The data is collected through surveys of private employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average hourly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Texas is the second-largest state economy in the U.S.
- Production and nonsupervisory workers make up over 80% of the state's private sector workforce.
- Wage growth has accelerated in Texas in recent years amid a tight labor market.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted series measures the average hourly earnings of production and nonsupervisory employees in the state of Texas.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and wage growth in the Texas economy, which is closely watched by economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average hourly earnings in Texas are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis by the U.S. Bureau of Labor Statistics, with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU45000007071300001SA), retrieved from FRED.