Average Hourly Earnings of All Employees: Leisure and Hospitality in Virginia
Monthly
SMU51000007000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.41
Year-over-Year Change
4.35%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Monthly' economic indicator tracks the monthly change in total civilian employment in the United States. It is a key metric for evaluating the strength and dynamics of the U.S. 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' indicator provides a timely snapshot of the total number of employed civilians in the U.S. economy on a monthly basis. It is a widely followed data point that helps economists and policymakers assess the overall health and direction of the job market.
Methodology
The data is collected through a monthly survey of households conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers closely monitor the 'Monthly' employment trend to gauge the broader economic conditions and inform decision-making.
Key Facts
- The 'Monthly' indicator is released around the 5th of each month.
- Employment levels are a key driver of consumer spending and economic growth.
- The U.S. has seen steady job gains in recent years, with the unemployment rate near historic lows.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' indicator tracks the total number of employed civilians in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Employment levels are a critical economic indicator that provides insights into the overall health and direction of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is collected through a monthly household survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the 'Monthly' employment trend to gauge broader economic conditions and inform decision-making.
Q: Are there update delays or limitations?
A: The 'Monthly' employment data is released around the 5th of each month, providing a timely snapshot of the labor market.
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Citation
U.S. Federal Reserve, Monthly (SMU51000007000000003), retrieved from FRED.