Sales: Wholesale Trade: Total Wholesale Trade: Value for United States
Annual, Not Seasonally Adjusted
SLWHTO02USA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
669,279,833,333.33
Year-over-Year Change
85.98%
Date Range
1/1/1960 - 1/1/2022
Summary
This metric tracks the average hourly earnings of production and nonsupervisory employees in the private nonfarm sector of the U.S. economy. It serves as a key indicator of wage and income trends.
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 production and nonsupervisory employee hourly earnings series provides insights into the broader labor market and inflationary pressures. Economists and policymakers analyze this data to better understand the strength of consumer demand and the overall health of the economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of business establishments.
Historical Context
This metric informs monetary policy decisions and economic forecasting.
Key Facts
- Wages have increased by an average of 4.6% annually over the past 10 years.
- Hourly earnings are a leading indicator of consumer spending power.
- The trend has important implications for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly earnings of production and nonsupervisory employees in the private nonfarm sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into broader labor market and inflationary trends, informing economic forecasting and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of business establishments.
Q: How is this trend used in economic policy?
A: The Annual, Not Seasonally Adjusted production and nonsupervisory employee hourly earnings series is a key input for the Federal Reserve in setting monetary policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a one-month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SLWHTO02USA189N), retrieved from FRED.