Average Hourly Earnings of Production Employees: Construction in Indiana
Monthly
SMU18000002000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.28
Year-over-Year Change
9.26%
Date Range
1/1/2001 - 7/1/2025
Summary
The 'Monthly' economic trend measures the month-over-month change in total nonfarm employment for the United States, providing a key indicator of the overall health 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
The 'Monthly' trend is a widely followed economic indicator that tracks the monthly change in the total number of jobs across all industries, excluding only farm workers and the self-employed. It is a critical barometer of economic activity and labor market conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
Policymakers, analysts, and investors closely monitor the 'Monthly' trend to gauge the momentum of the U.S. economy and inform decisions.
Key Facts
- The 'Monthly' trend is released on the first Friday of each month.
- It covers over 130 million nonfarm workers in the United States.
- Positive monthly job growth is generally viewed as a sign of economic expansion.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the month-over-month change in total nonfarm employment for the United States, providing a key indicator of labor market health.
Q: Why is this trend relevant for users or analysts?
A: The 'Monthly' trend is a critical barometer of economic activity and a widely followed indicator that informs decisions by policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the 'Monthly' trend to gauge the momentum of the U.S. economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The 'Monthly' trend is released on the first Friday of each month, with a brief delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Monthly (SMU18000002000000008), retrieved from FRED.