Average Hourly Earnings of All Employees: Total Private in Hawaii
Annual
SMU15000000500000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.86
Year-over-Year Change
62.09%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average employment level for the private sector in the United States. This metric is a key indicator of the overall health and strength of the U.S. labor market.
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 series represents the average of 12 monthly employment levels for the private nonfarm sector in a given year. It provides a broad snapshot of employment patterns and trends over time, which is crucial for understanding economic performance and informing policy decisions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
Policymakers and analysts monitor the Annual trend to assess the state of the economy and make informed decisions.
Key Facts
- The Annual series has been published since 1939.
- The U.S. private sector employed over 130 million people in 2022.
- Annual employment growth averaged 1.7% from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual employment level for the private nonfarm sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the overall health and strength of the U.S. labor market, which is crucial for understanding economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Annual trend to assess the state of the economy and make informed decisions.
Q: Are there update delays or limitations?
A: The Annual data is published with a short delay, typically within a few months after the end of the year.
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Citation
U.S. Federal Reserve, Annual (SMU15000000500000003A), retrieved from FRED.