Percent, Annual, Not Seasonally Adjusted
LRHUADFEO1A156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
-5.08%
Date Range
1/1/2005 - 1/1/2016
Summary
This economic indicator measures the annual percent change in average hourly earnings for all employees in the leisure and hospitality sector. It provides insights into broader wage trends and labor market conditions.
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 Percent, Annual, Not Seasonally Adjusted series tracks year-over-year changes in average hourly earnings for the leisure and hospitality industry. This metric is widely used by economists and policymakers to gauge inflationary pressures and the strength of the labor market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in leisure and hospitality wages can inform monetary and fiscal policy decisions.
Key Facts
- Leisure and hospitality is the third-largest sector by employment in the U.S.
- Wages in this sector are typically lower than the national average.
- Annual wage growth in leisure and hospitality tends to outpace the overall economy during periods of economic expansion.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in average hourly earnings for all employees in the leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: Trends in leisure and hospitality wages provide insight into broader labor market conditions and inflationary pressures, which are key considerations for economic policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Wage growth in the leisure and hospitality sector can inform decisions around monetary and fiscal policy, as it reflects broader labor market dynamics and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Percent, Annual, Not Seasonally Adjusted (LRHUADFEO1A156S), retrieved from FRED.