Average Weekly Earnings of All Employees: Total Private in Arkansas
Annual
SMU05000000500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
999.89
Year-over-Year Change
54.28%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in average hourly earnings for all civilian workers in the United States. This key economic indicator provides insight into wage growth and inflationary pressures.
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 trend tracks the annual change in average hourly earnings, an important measure of labor costs and worker purchasing power. Economists and policymakers closely monitor this data to assess the overall health of the labor market and broader economy.
Methodology
The data is collected through the Bureau of Labor Statistics' Current Employment Statistics survey of businesses.
Historical Context
The Annual trend helps inform decisions around monetary policy, wage negotiations, and consumer spending.
Key Facts
- The Annual trend hit a high of 5.6% in March 2022.
- Wages have been rising faster than inflation since mid-2021.
- Strong wage growth can contribute to higher consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in average hourly earnings for all civilian workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insight into wage growth and inflationary pressures, helping inform decisions around monetary policy, wage negotiations, and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Current Employment Statistics survey of businesses.
Q: How is this trend used in economic policy?
A: The Annual trend helps inform decisions around monetary policy, as central banks monitor wage growth as a potential driver of inflation.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU05000000500000011A), retrieved from FRED.