Civilian Labor Force in Nebraska
Annual, Not Seasonally Adjusted
LAUST310000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,069,325.00
Year-over-Year Change
5.16%
Date Range
1/1/1976 - 1/1/2024
Summary
The annual, not seasonally adjusted trend measures the average hourly earnings of all employees in the private sector in the United States. This metric provides insights into wage growth and labor market dynamics.
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, not seasonally adjusted series represents the average hourly wage across all private industry employees in the U.S. It is a key indicator of labor market strength and inflationary pressures as it tracks changes in worker compensation over time.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample of businesses and government agencies.
Historical Context
Policymakers and economists closely monitor this trend to assess the overall health of the labor market and inform decisions on monetary and fiscal policies.
Key Facts
- The annual average hourly wage in the U.S. private sector was $31.85 as of December 2022.
- Wages have risen by 4.6% over the past 12 months, reflecting tight labor market conditions.
- The annual, not seasonally adjusted series excludes the effects of seasonal hiring and layoff patterns.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted trend measures the average hourly earnings of all employees in the private sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth and labor market dynamics, which are crucial for assessing the overall health of the economy and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the labor market and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of approximately 2-3 weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST310000000000006A), retrieved from FRED.