Annual, Not Seasonally Adjusted
SMU12000004244600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.40
Year-over-Year Change
14.04%
Date Range
1/1/1990 - 1/1/2021
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for all employees in the private sector in the United States. It provides insights into 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 average hourly earnings metric tracks the change in wages over time, which is a key indicator of economic health and consumer purchasing power. Economists and policymakers use this data to assess inflationary pressures and inform decisions on monetary and fiscal policies.
Methodology
The data is collected through surveys of private employers and calculated as the average hourly wage paid to workers in the private sector.
Historical Context
This trend is widely used by economists, investors, and policymakers to evaluate the strength of the U.S. labor market and overall economic conditions.
Key Facts
- The annual, not seasonally adjusted average hourly earnings reached a high of $31.85 in June 2022.
- This metric has shown steady year-over-year growth since the economic recovery following the COVID-19 pandemic.
- The not seasonally adjusted data provides a more accurate representation of long-term wage trends compared to seasonally adjusted figures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for all employees in the private sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth and labor market conditions, which are key indicators of economic health and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers and calculated as the average hourly wage paid to workers in the private sector.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess inflationary pressures and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The not seasonally adjusted data is released monthly with a slight delay, but provides a more accurate representation of long-term wage trends compared to seasonally adjusted figures.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU12000004244600001A), retrieved from FRED.