Annual, Not Seasonally Adjusted
SMU04000005552001201A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.70
Year-over-Year Change
12.75%
Date Range
1/1/1990 - 1/1/2015
Summary
This economic trend measures annual average hourly earnings for private sector production and nonsupervisory employees in the United States. It is an important 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
The Annual, Not Seasonally Adjusted series tracks the average hourly wage for American workers in non-managerial roles across private industries. This provides valuable insights into the underlying trends in employee compensation over time.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of businesses and governments.
Historical Context
Policymakers and economists closely monitor this wage metric to assess the health of the labor market and inflationary pressures.
Key Facts
- Private sector production and nonsupervisory employees make up over 80% of the U.S. workforce.
- Wage growth is a key factor influencing consumer spending and inflation.
- This data series dates back to 1964, providing historical context.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage for private sector production and nonsupervisory employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This wage metric provides important insights into labor market conditions and the trajectory of employee compensation, which are crucial for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of businesses and governments.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this wage indicator to assess the health of the labor market and inflationary pressures, which inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU04000005552001201A), retrieved from FRED.