Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Austria
Annual, Seasonally Adjusted
LRHUADMAATA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.97
Year-over-Year Change
8.36%
Date Range
1/1/1994 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the average hourly earnings of all employees on private nonfarm payrolls in the United States. This metric is a key indicator of wage growth 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
This data series tracks changes in the average hourly wage for all private nonfarm employees on a seasonally adjusted, annual basis. It is a widely followed economic indicator used to assess 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
Policymakers and analysts monitor this trend to gauge the overall health of the U.S. economy and help inform decisions around monetary and fiscal policy.
Key Facts
- The annual wage growth rate reached a multi-decade high of 5.9% in 2022.
- Wage growth has outpaced inflation in recent years, boosting real purchasing power.
- Robust wage gains have contributed to the Federal Reserve's interest rate hikes to cool the economy.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series tracks the average hourly earnings of all private nonfarm employees in the United States on an annual basis, with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the strength of the labor market and inflationary pressures in the economy. Policymakers and economists closely monitor wage growth to assess the overall health of the U.S. economy.
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: Policymakers, such as the Federal Reserve, use this wage growth data to help inform decisions around monetary and fiscal policy, as rapid wage increases can contribute to broader inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical one-month lag. There are no significant limitations in the data collection or reporting.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUADMAATA156S), retrieved from FRED.