Average Weekly Earnings of All Employees: Total Private in Colorado
Annual
SMU08000000500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,270.40
Year-over-Year Change
47.49%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average hourly earnings of production and nonsupervisory employees in the private sector on an annual basis. This metric is a key 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 trend tracks the average hourly earnings of private sector production and nonsupervisory employees in the United States. It is a widely followed measure of wage inflation and a barometer of the overall strength of the labor market.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is closely monitored by policymakers, economists, and market participants to gauge the pace of economic growth and assess the Federal Reserve's monetary policy decisions.
Key Facts
- Annual earnings grew 5.1% in 2022.
- Wage growth has outpaced inflation in recent years.
- The Annual trend is considered a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average hourly earnings of production and nonsupervisory employees in the private sector on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of wage growth and labor market conditions, which are important factors in assessing the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by policymakers, economists, and market participants to gauge the pace of economic growth and assess the Federal Reserve's monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a relatively short delay, providing timely insight into labor market conditions.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production and Nonsupervisory Employees: Total Private (SMU08000000500000011A), retrieved from FRED.