All Employees: Service-Providing in Arkansas
Annual, Not Seasonally Adjusted
SMU05000000700000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,130.90
Year-over-Year Change
17.36%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted value of average hourly earnings for all private nonfarm payroll employees in the U.S. It provides insights into changes in worker compensation over time.
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 average hourly earnings series tracks the average hourly wage paid to employees in the private nonfarm sector of the U.S. economy. This metric is used by economists and policymakers to assess broader trends in labor costs and worker purchasing power.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This economic indicator is closely monitored by the Federal Reserve and other institutions for its implications on inflation, consumer spending, and overall economic conditions.
Key Facts
- The annual, not seasonally adjusted average hourly earnings reached a high of $32.27 in December 2022.
- This metric has increased by over 5% on an annual basis in 2022, reflecting tight labor market conditions.
- Policymakers closely monitor this trend to gauge inflationary pressures and the strength of consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for all private nonfarm payroll employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into changes in worker compensation over time, which is important for assessing broader trends in labor costs, inflation, and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this indicator for its implications on inflation, consumer spending, and overall economic conditions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted average hourly earnings data is published monthly with a brief delay, providing timely information on labor market trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU05000000700000001A), retrieved from FRED.