Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Australia
Monthly, Not Seasonally Adjusted
LRHU24TTAUM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.76
Year-over-Year Change
9.58%
Date Range
2/1/1978 - 6/1/2025
Summary
This U.S. economic indicator measures the hourly earnings of production and nonsupervisory employees in the private sector on a monthly basis. It provides insights into labor market conditions and worker compensation 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 Average Hourly Earnings: Private Sector, Not Seasonally Adjusted series tracks the average hourly wage paid to U.S. workers in the private sector, excluding managers and supervisors. It is a key metric for analyzing the strength of the labor market and inflationary pressures.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the overall health of the U.S. economy.
Key Facts
- The series has been published monthly since 1964.
- Average hourly earnings reached a record high of $32.27 in April 2023.
- The not seasonally adjusted data can be used to analyze year-over-year trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the private sector of the U.S. economy on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and worker compensation trends, which are important factors for understanding economic growth, inflation, and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data 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: This trend is closely monitored by policymakers, economists, and market analysts to assess the overall health of the U.S. economy and inform decisions related to monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 weeks. The not seasonally adjusted series can be used to analyze year-over-year trends, but may be subject to seasonal fluctuations.
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Citation
U.S. Federal Reserve, Average Hourly Earnings: Private Sector, Not Seasonally Adjusted (LRHU24TTAUM156N), retrieved from FRED.