Average Hourly Earnings of All Employees: Information in North Carolina
Annual
SMU37000005000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.45
Year-over-Year Change
65.43%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the yearly change in average hourly earnings for all employees on private nonfarm payrolls in the United States. This metric is a key indicator of labor market health and wage inflation.
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 trend tracks the year-over-year percent change in average hourly earnings, providing insight into broader labor market dynamics and inflationary pressures. It is a widely monitored economic indicator used by policymakers, analysts, and businesses to assess wage growth and its implications for the overall economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend informs monetary policy decisions and is closely watched by the Federal Reserve and financial markets.
Key Facts
- The Annual trend reached a high of 7.0% in 2022.
- Wage growth has outpaced inflation in recent years.
- Rapid wage growth can contribute to broader inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in average hourly earnings for all employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of labor market health and wage inflation, providing insights that inform monetary policy decisions and are closely watched by policymakers, analysts, and businesses.
Q: How is this data collected or calculated?
A: The data for the Annual trend is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend informs monetary policy decisions and is closely watched by the Federal Reserve and financial markets to assess wage growth and its implications for the overall economy.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Annual (SMU37000005000000003A), retrieved from FRED.