Annual
SMU72000003231100007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.70
Year-over-Year Change
1.50%
Date Range
1/1/2001 - 1/1/2016
Summary
The Annual series measures the average hourly earnings of production and nonsupervisory employees in the private sector. It is a key indicator of wage trends and labor market conditions.
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 changes in the average hourly earnings of private sector production and nonsupervisory workers. This metric provides insights into the overall health of the labor market and inflationary pressures on wages.
Methodology
The data is collected through monthly surveys of a sample of nonfarm business establishments.
Historical Context
Policymakers and analysts use this series to assess the state of the economy and guide monetary and fiscal policy decisions.
Key Facts
- The Annual series has been tracked since the 1960s.
- Wages and earnings are a key driver of consumer spending and inflation.
- The series is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the average hourly earnings of production and nonsupervisory employees in the private sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health of the labor market and inflationary pressures on wages, which are important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a sample of nonfarm business establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess the state of the economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The series is released monthly by the U.S. Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Annual (SMU72000003231100007A), retrieved from FRED.