Average Hourly Earnings of All Employees: Manufacturing in West Virginia
Annual
SMU54000003000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.99
Year-over-Year Change
37.34%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the total annual average of employed persons in the United States. This key economic indicator provides insights into the overall health and growth 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 Annual trend represents the annual average of the Bureau of Labor Statistics' monthly survey of employment levels across the U.S. economy. It is a widely-tracked metric used by economists, policymakers, and analysts to assess broader employment trends and labor force dynamics.
Methodology
The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a crucial input for evaluating macroeconomic conditions and informing federal monetary and fiscal policy decisions.
Key Facts
- The annual average employment level in the U.S. was over 151 million in 2022.
- Employment growth has averaged 1.5% per year over the past decade.
- The Annual trend is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total annual average of employed persons in the United States, providing insights into overall labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a crucial economic indicator used by policymakers, economists, and analysts to assess the health and growth of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is a key input for the Federal Reserve's monetary policy decisions, as it provides insights into broader macroeconomic conditions.
Q: Are there update delays or limitations?
A: The Annual employment data is typically released with a 1-2 month delay, and may be subject to revisions as additional survey information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU54000003000000003A), retrieved from FRED.