Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Sweden
Annual, Seasonally Adjusted
LRHUADTTSEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.24
Year-over-Year Change
4.76%
Date Range
1/1/1983 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the annual change in average hourly wages for production and nonsupervisory employees. This trend provides insight into the pace of wage growth, which is a key indicator of economic health 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 Annual, Seasonally Adjusted series tracks the year-over-year change in average hourly earnings for production and nonsupervisory workers. It is a widely followed economic indicator that reflects the overall strength of the labor market and can influence monetary policy decisions.
Methodology
The data is collected through surveys of employers and calculated as the percent change from the same period in the previous year.
Historical Context
Economists and policymakers monitor this trend to gauge inflationary pressures and consumer purchasing power.
Key Facts
- The series is published monthly by the U.S. Federal Reserve.
- Wage growth is a key input for the Federal Reserve's monetary policy decisions.
- Faster wage growth can signal increased inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the year-over-year change in average hourly wages for production and nonsupervisory employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the pace of wage growth, which is a key indicator of economic health and labor market conditions. It influences consumer purchasing power and helps inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated as the percent change from the same period in the previous year.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge inflationary pressures and assess the overall strength of the labor market, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely information on wage trends.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUADTTSEA156S), retrieved from FRED.