Quarterly, Seasonally Adjusted
LRHUADFEG7Q156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-20.37%
Date Range
1/1/2004 - 7/1/2017
Summary
This quarterly, seasonally adjusted series measures average hourly earnings of production and nonsupervisory employees on private nonfarm payrolls. It is a key economic indicator of labor market conditions and worker purchasing power.
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 of All Employees on Private Nonfarm Payrolls series tracks changes in the average hourly wage for non-management workers across a range of private-sector industries. It is used by economists and policymakers to assess trends in worker compensation and the strength of the labor market.
Methodology
Data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This earnings trend helps inform monetary and fiscal policy decisions affecting employment, consumer spending, and inflation.
Key Facts
- Earnings have increased by over 5% year-over-year.
- The current average hourly wage is $32.16.
- Wages for production and nonsupervisory workers make up about 80% of private sector employment.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly earnings of production and nonsupervisory employees on private nonfarm payrolls, providing an indicator of worker compensation trends.
Q: Why is this trend relevant for users or analysts?
A: Earnings data is a key input for assessing the strength of the labor market, consumer purchasing power, and inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey conducted monthly by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions monitor earnings trends to inform decisions on monetary policy, interest rates, and other measures that impact employment and inflation.
Q: Are there update delays or limitations?
A: The earnings data is released monthly with a one-month lag, and may be subject to revisions in subsequent releases.
Related Trends
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for G7
G7LREM64FESTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for G7
G7LFINTTMASTSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 25 to 54 Years for G7
G7LFAC25MASTQ
Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Except Construction): Total for G7
G7LFEAINTTSTQ
Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for G7
G7LREM55MASTQ
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for G7
G7LFAC24MASTSAQ
Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees on Private Nonfarm Payrolls (LRHUADFEG7Q156S), retrieved from FRED.