All Employees: Retail Trade in Indiana
Annual, Not Seasonally Adjusted
SMU18000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
314.80
Year-over-Year Change
1.84%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for all employees in the United States. It provides insights into the underlying wage growth and inflationary pressures in 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 Annual, Not Seasonally Adjusted trend represents the average hourly wages paid to U.S. workers across all industries and occupations, without adjusting for seasonal patterns. It is a key economic indicator used by policymakers, analysts, and economists to gauge the strength of the labor market and its impact on overall economic conditions.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic management.
Key Facts
- Annual average hourly earnings increased by 5.5% in 2022.
- Wages have risen faster than inflation in recent years.
- The labor market remains tight with low unemployment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for all employees in the United States, providing insights into wage growth and inflationary pressures in the labor market.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key economic indicator used by policymakers, analysts, and economists to gauge the strength of the labor market and its impact on overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic management.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with minimal delays, providing timely insights into the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU18000004200000001A), retrieved from FRED.