All Employees: Retail Trade in Ohio
Monthly, Not Seasonally Adjusted
SMU39000004200000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
547.10
Year-over-Year Change
1.33%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'Monthly, Not Seasonally Adjusted' series measures average hourly earnings of production and nonsupervisory employees in the manufacturing sector. This metric provides insight into wage trends and labor costs, which are key factors for economists and policymakers.
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
This economic indicator tracks the average hourly earnings of production and nonsupervisory workers in U.S. manufacturing. It reflects changes in wages and compensation levels, which are important inputs for analyzing employment, inflation, and economic conditions.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of the labor market and inflationary pressures.
Key Facts
- Covers over 80% of private sector employment.
- Wages have risen by 5.2% over the past year.
- Manufacturing accounts for 12% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Not Seasonally Adjusted' series tracks the average hourly earnings of production and nonsupervisory employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage trends and labor costs, which are key factors for economists and policymakers in assessing economic conditions and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of the labor market and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU39000004200000001), retrieved from FRED.