Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal
Seasonally Adjusted
PRTHOUREAQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.93
Year-over-Year Change
21.03%
Date Range
1/1/2000 - 10/1/2023
Summary
This trend measures seasonally adjusted average hourly earnings for production and nonsupervisory employees in the private sector. It provides insights into the overall health of the labor market and wage growth.
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 Seasonally Adjusted Average Hourly Earnings series tracks the average hourly wage for production and nonsupervisory workers, adjusted to account for seasonal variations in employment and pay. This metric is closely watched by economists and policymakers to gauge inflationary pressures and the strength of the labor market.
Methodology
The data is collected through surveys of businesses and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is a key input for the Federal Reserve's monetary policy decisions and is closely monitored by financial markets.
Key Facts
- The series is published monthly by the U.S. Bureau of Labor Statistics.
- Seasonally adjusted data removes the effects of regular seasonal patterns.
- This metric helps gauge inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage for production and nonsupervisory employees in the private sector, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health of the labor market and is closely watched by economists and policymakers for signs of wage-driven inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is a key input for the Federal Reserve's monetary policy decisions and is closely monitored by financial markets.
Q: Are there update delays or limitations?
A: The series is published monthly by the U.S. Bureau of Labor Statistics, with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Average Hourly Earnings (PRTHOUREAQISMEI), retrieved from FRED.