Producer Prices Index: Economic activities: Industrial activities: Total for Sweden
Percent, Quarterly
SWEPIEATI01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.99
Year-over-Year Change
-283.16%
Date Range
1/1/1991 - 10/1/2020
Summary
The Percent Change in Average Hourly Earnings of All Employees: Total Private (Quarterly) is a key economic indicator that measures the year-over-year change in average hourly wages for U.S. private sector workers. It provides insights into inflationary pressures and the strength 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
This quarterly trend tracks the annual percentage change in average hourly earnings for all private sector employees in the United States. It is an important barometer of labor market conditions and wage growth, which are closely monitored by policymakers, economists, and market analysts.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and central banks use this metric to assess inflationary risks and guide monetary policy decisions.
Key Facts
- The trend reached a low of -0.8% in April 2020 during the COVID-19 pandemic.
- Percent change in average hourly earnings peaked at 5.6% in March 2022.
- The long-term average annual growth rate is around 2.5%.
FAQs
Q: What does this economic trend measure?
A: The Percent Change in Average Hourly Earnings of All Employees: Total Private (Quarterly) measures the year-over-year change in average hourly wages for U.S. private sector workers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflationary pressures and the strength of the labor market, which are key factors monitored by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this metric to assess inflationary risks and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of around one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Percent Change in Average Hourly Earnings of All Employees: Total Private (Quarterly) (SWEPIEATI01GYQ), retrieved from FRED.