Work Started: Construction: Dwellings and Residential Buildings: Total for United States
Growth rate previous period, Annual, Seasonally Adjusted
WSCNDW01USA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.39
Year-over-Year Change
-160.82%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the annual growth rate of wages and salaries in the United States, adjusted for seasonal variations. It provides insights into the pace of compensation changes in the broader economy.
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 Growth Rate Previous Period, Annual, Seasonally Adjusted trend tracks the year-over-year percentage change in total private-sector wages and salaries. It is a key indicator of labor market conditions and worker purchasing power.
Methodology
The data is collected through surveys of U.S. businesses and calculated by the Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and market analysts to assess the strength of consumer demand and inflationary pressures.
Key Facts
- Wages and salaries account for over 50% of U.S. GDP.
- The trend peaked at 5.8% annual growth in 2022 Q1.
- Slower wage growth can signal easing inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in total private-sector wages and salaries in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a critical indicator of labor market conditions, consumer purchasing power, and potential inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and calculated by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this metric to assess the strength of consumer demand and make informed decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (WSCNDW01USA657S), retrieved from FRED.